AUD/USD: aussie may continue downtrend

AUD/USD: aussie may continue downtrend

Technical levels: support – 0.7640; resistance – 0.7670

Trade recommendations:

  1. Sell — 0.7630; SL — 0.7650; TP1 — 0.7570; TP2 — 0.7530.

Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; an irregular golden cross of Tenkan-sen and Kijun-sen, falling Kijun-sen; the prices returned into the negative area and may continue falling down.

03-audusdh4.png

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