Recommendation: BUY 1…
AUD/USD: aussie continue to falling
Technical levels: support – 0.7820; resistance – 0.7890.
- Buy — 0.7830; SL — 0.7810; TP1 — 0.7890; TP3 — 0.7940.
Reason: bearish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen; the prices are on the strong support of 0.7800/20.
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…
We’ve got a pullback from the lower “Window”, so there’s a bullish “Doji”, which has been confirmed .