USD: technical outlook
The USD made decisive moves mostly with the exotic currencies - let's have a look to prepare for new market entries.
AUD/USD: aussie entered inside Cloud
Technical levels: support – 0.7450, 0.7490; resistance – 0.7550, 0.7610
Trade recommendations:
- 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.
Tatyana Norkina
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