AUD/USD: aussie in correction to Cloud

AUD/USD: aussie in correction to Cloud

Technical levels: support – 0.7690; resistance – 0.7790

Trade recommendations:

  1. Sell — 0.7760; SL — 0.7790; TP1 — 0.7690; TP2 — 0.7600.

Reason: bearish Ichimoku Cloud, but rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the market is in correctional movement to the Cloud and the prices are breaking out the Kijun’s resistance.

03-audusdh4.png

aud

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USD/JPY: the Bears have won

Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling lines

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