AUD/USD: aussie entered into Cloud

AUD/USD: aussie entered into Cloud

Technical levels: support – 0.7970; resistance – 0.8080

Trade recommendations:

  1. Buy — 0.7980; SL — 0.7960; TP1 — 0.8040; TP2 — 0.8080.

Reason: bullish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen with falling lines; a market in correctional movement and entered into the cloudy area.

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Levels to trade EUR/USD

The price action in EUR/USD has been quite unfavorable for the euro. On The W1, the 50-week MA limited the pair’s advance.

AUD/JPY looks exposed

AUD/JPY formed a “shooting star” candlestickon the W1. This week, it’s testing levels below the 50-week MA at 75.45.

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Levels to trade EUR/USD

The price action in EUR/USD has been quite unfavorable for the euro. On The W1, the 50-week MA limited the pair’s advance.

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