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AUD/USD: aussie supported by Cloud

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Technical levels: support – 0.7260; resistance – 0.7320.

Trade recommendations:

  1. Sell — 0.7320; SL — 0.7340; TP1 — 0.7260; TP2 — 0.7220.

Reason: bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market in positive area, but it’s overbought – expected correction to Kijun-sen or upper border of the Cloud.

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