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AUD/USD: aussie in correction to Cloud

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Technical levels: support – 0.7530, 0.7590; resistance – 0.7660

Trade recommendations:

  1. Buy — 0.7590; SL — 0.7570; TP1 — 0.7660; TP2 — 0.7690.

Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, but narrowing channel Tenkan-Kijun; the market is in correctional movement to Cloud; waiting for bouncing it from the upper border of the Cloud.

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