AUD/USD: aussie will continue downtrend

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Technical levels: support – 0.7330; resistance – 0.7390

Trade recommendations:

  1. Sell — 0.7380; SL — 0.7400; TP1 — 0.7330; TP2 — 0.7300.

Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are bounced from the bottom border of the Cloud and ready to continue downtrend.

03-audusdh4.png

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