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AUD/USD: aussie reached new lows of 2018

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Technical levels: support – 0.7090; resistance – 0.7130

Trade recommendations:

  1. Sell — 0.7130; SL — 0.7150; TP1 — 0.7090; TP2 — 0.7010.

Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with extremely falling lines; the market made a new lows of the current year and may go lower, but its oversold now.

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