AUD/USD: aussie in consolidation under Cloud

AUD/USD: aussie in consolidation under Cloud

Technical levels: support – 0.7640; resistance – 0.7690

Trade recommendations:

  1. Buy — 0.7700; SL — 0.7680; TP1 — 0.7760.
  2. Sell — 0.7670; SL — 0.7690; TP1 — 0.7590; TP2 — 0.7540.

Reason: bearish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen; the prices returned to bottom border of the Cloud and may enter into cloudy area.

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Recommendation: BUY $1327 SL $1312 TP $1357 TP2 $1395 On the daily chart, XAU/USD is under control of bulls, at least until the pair’s trading above $1306 an ounce…

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