AUD/USD: aussie bounced from SSB

AUD/USD: aussie bounced from SSB

Technical levels: support – 0.7570; resistance – 0.7615, 0.7650.

Trade recommendations:

  1. Buy — 0.7580; SL — 0.7560; TP1 — 0.7650; TP2 — 0.7690.

Reason: narrow bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; but the prices supported by Senkou Span B and entered to the channel Tenkan-Kijun.

03-audusdh4.png

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What are the scenarios for gold?

On the daily chart, XAU/USD is consolidating in the 1185-1210 range. A break of its upper border will trigger a “Crab” with a 161.8% target.

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