AUD/SGD continues to fall and since it breaks its Weekly kumo support in April
For now, there is no indication that it is consolidating.
Next target will be its low from Oct last year at 1.217
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Tag: Aud
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$AUDSGD . Watch Support
The AUD/SGD continues to show weakness .
Target continues to be 1.24 and 1.21
On the Ichimoku Weekly Chart, we can now see that :
1. A bearish Tenkan sen – Kijun sen cross is forming
2. The kumo support below is very thin; suggesting that it is very week
Given the above 2 points, it is likely that AUD is poised to go down further with a target of around 1.242