AUD/USD: aussie is in correction to SSB

AUD/USD: aussie is in correction to SSB

Technical levels: support – 0.7820/30; resistance – 0.7910.

Trade recommendations:

  1. Sell — 0.7910; SL — 0.7930; TP1 — 0.7830.

Reason: narrowing bullish Ichimoku Cloud, falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the prices are in the Cloud and going to the support of Senkou Span B.




AUD/USD: aussie is in positive area now

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising lines; the market entered into the positive area and may continue uptrend.



Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

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