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AUD/USD: the Bulls returned to game

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Technical levels: support – 0.7120; resistance – 0.7175.

Trade recommendations:

  1. Sell — 0.7175; SL — 0.7200; TP1 — 0.7120; TP2 — 0.7100.

Reason: bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising lines; the prices are in positive area and the Bulls will test the main resistance near 0.7200, but the market is overbought.

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