Expanding bearish Ichimoku Cloud with falling Senkou Span A; a new cross of Tenkan-sen and Kijun-sen
AUD/USD: aussie entered to Tenkan-Kijun channel
Technical levels: support – 0.7640; resistance – 0.7690.
- Buy — 0.7640; SL — 0.7620; TP1 — 0.7690; TP2 — 0.7730.
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, rising Tenkan-sen; the market in a correction to Kijun-sen.
Narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen; the prices are three way bounced from the SSB’s resistance.
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