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ForexTV   |  December 1 2011 11:38 EST

ForexTV.com (New York) by Kiana Danial

Very recently like the other currencies the Australian dollar is consolidating right now after the wild volatility yesterday in which it rose against the greenback, and penniless above the upper level of the Ichimoku cloud and formed an extreme tail in the 1.03 compass. But right now it is holding right below the upper level of the cloud and the candles appear to have formed a bearish nulling signal for this markets, and together with the falling Tenkan line, we continue to see a drop in this market to the most recent lows of 0.9665 and in the end back to the key low in the 0.93 area that we saw on 4th of October.

Source: ForexTV.com

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