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AUD/USD: aussie in consolidation under Cloud

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Technical levels: support – 0.7000; resistance – 0.7100

Trade recommendations:

  1. Sell — 0.7100; SL — 0.7130; TP1 — 0.7040; TP2 — 0.7000.

Reason: bearish Ichimoku Cloud with falling Senkou Span B; a cancelled dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the Bulls returned the prices to bottom border of the Cloud and the market is oversold now.

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