AUD/USD: aussie is oversold

AUD/USD: aussie is oversold

Technical levels: support – 0.7610; resistance – 0.7690

Trade recommendations:

  1. Buy — 0.7610; SL — 0.7590; TP1 — 0.7690; TP2 — 0.7730.

Reason: bearish Ichimoku Cloud, falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, falling Tenkan-sen and Kijun-sen; but the prices are on the strong daily support.





EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

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