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AUD/USD: aussie corrected to Cloud

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Technical levels: support – 0.7160; resistance – 0.7235.

Trade recommendations:

  1. Sell — 0.7230; SL — 0.7250; TP1 — 0.7160; TP2 – 0.7090.

Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen but narrowing channel Tenkan-Kijun; the prices are inside a 4H-Cloud and may test the upper border of the Cloud.

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