AUD/USD: aussie going to 2W-lows

AUD/USD: aussie going to 2W-lows

Technical levels: support – 0.7770; resistance – 0.7820

Trade recommendations:

  1. Sell — 0.7820; SL — 0.7840; TP1 — 0.7770; TP2 — 0.7730.

Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling lines; the Bulls are breaking down the Cloud’s support and going to 2-week lows.

03-audusdh4.png

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USD/MXN can offer more

USD/MXN has found itself within a rather steep downtrend. The pair has topped at 19.6550 at the end of November and during the last several days dropped below the 100-, 50- and 200-day MAs.

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