Expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the market corrected to Kijun-sen and ready to continue existing downtrend.
AUD/USD: aussie can’t breakout 0.8000
Technical levels: support – 0.7940; resistance – 0.8000.
- Buy — 0.7940/50; SL — 0.7920; TP1 — 0.8000; TP3 — 0.8040.
Reason: bullish Ichimoku Cloud, horizontal Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen, the lines are horizontal; the prices are returned to the Cloud and supported by Tenkan, Kijun and upper border of the Cloud.
Expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, falling Tenkan-sen; the prices are made a new lows, but there is a strong support on 0.7480.
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