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AUD/USD: aussie is overbought

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

Trade recommendations:

  1. Sell — 0.7640; SL — 0.7660; TP1 — 0.7590; TP2 — 0.7530.

Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Kijun-sen, but narrowing channel Tenkan-Kijun; the market tested Cloud’s resistance on daily timeframe and overbought now.

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