AUD/USD: aussie keep staying in Cloud

AUD/USD: aussie keep staying in Cloud

Technical levels: support – 0.7370, 0.7420; resistance – 0.7470.

Trade recommendations:

  1. Buy — 0.7420; SL — 0.7400; TP1 — 0.7470.
  2. Sell — 0.7470; SL — 0.7490; TP1 — 0.7380; TP2 — 0.7340.

Reason: narrowing bearish Ichimoku Cloud, rising Senkou Span A and horizontal Senkou Span B; a new golden cross of Tenkan-sen and Kijun-sen with rising Kijun-sen; the prices are supported by Tenkan-Sen.

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USD/JPY: dollar will continue downtrend

Expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the market corrected to Kijun-sen and ready to continue existing downtrend.

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