AUD/USD: aussie in consolidation under Cloud

AUD/USD: aussie in consolidation under Cloud

2022-04-15 • Updated

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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Similar

AUD/USD  is looking badly
AUD/USD is looking badly

AUD/USD began the week slightly higher reaching as high as 0.7725 before declining earlier today to 0.7690’s.

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Last week brought a selloff in markets. Some assets reached the most crucial support levels and are likely to reverse in a short term. Be ahead of trends and make the most out of this week!

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