The Aussie has fallen close to 6 percent since the US Election, partially due to the fall in the preice of Iron Ore and the prospect of a rate increase in the US.
Although there is a bit of a retrace occurring presently, some people expect the decline to continue to approximately .6500.
The Renko bars on this chart are ten pip bars, you can see that they contain the price action nicely.
This pair has reached what appears to be a double bottom and may be starting to reverse its fall. However, many expect the Euro to reach parity or close to it with economic and political uncertainty in Europe. Meanwhile the New Zealand Dollar seems to have discounted the recent earthquake although the damage is estimated at close to NZ$2.5 billion.
The US Dollar has been benefiting from expectations of an interest rate rise recently and some of the enthusiasm has started to wane a bit in recent trading. The run up has lasted for about ten days and traders have eased off on their buying. You can see that price is entering the Kumo at this time, we will have to wait for a while to see if there is a long transaction.
You can see that the Renko bars combined with the Ichimoku Kumo make an excellent combination for scalping.