AUD/USD: aussie entered into negative area

AUD/USD: aussie entered into negative area

Technical levels: support – 0.7770; resistance – 0.7840

Trade recommendations:

  1. Sell — 0.7840; SL — 0.7860; TP1 — 0.7770; TP2 — 0.7730.

Reason: narrow bearish Ichimoku Cloud, falling Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen, falling Tenkan-sen and Kijun-sen; the prices are in the negative area under the pressure of a Cloud.

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Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, with rising lines; the prices are under strong resistance and the market is overbought.

AUD/USD: aussie will correct to Tenkan

Bearish Ichimoku Cloud with falling Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices made a new lows, but the market is oversold and expected a correction to Tenkan-sen.

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