[IMG] This is a Weekly Ichimoku chart of aud/nzd. It is based on...

This is a Weekly Ichimoku chart of aud/nzd. It is based on New Your Close. If your chart is based on London Close, it will look different.

Current price is touching resistance, the base of the Cloud, and it is a thick Cloud. Both the green Ten-Sen and red Kijun-Sen are flat, telling me Price is ranging.

Overall, weekly view, as Price is below the Cloud, the sentiment is bearish. To be bullish, Price will have to cross the Cloud and be above it, to be confirmed by the lagging line (the black line) crossing the Cloud as well.

Both the current Cloud and future Cloud are bearish.