AUD/USD: aussie entered inside Cloud

AUD/USD: aussie entered inside Cloud

Technical levels: support – 0.7450, 0.7490; resistance – 0.7550, 0.7610

Trade recommendations:

  1. Sell — 0.7550; SL — 0.7590; TP1 — 0.7490; TP2 — 0.7450.

Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen with rising lines; the market now inside a Cloud, but there is a strong resistance on 0.7550.

03-audusdh4.png

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