AUD/USD: aussie on Cloud

AUD/USD: aussie on Cloud

Technical levels: support – 0.7530, 0.7590; resistance – 0.7620, 0.7660

Trade recommendations:

  1. Buy — 0.7630; SL — 0.7610; TP1 — 0.7690; TP2 — 0.7730.
  2. Sell — 0.7600; SL — 0.7620; TP1 — 0.7530; TP2 — 0.7510.

Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; a market testing the Cloud’s support.




NZD/JPY: watch the resistance

NZD/JPY has performed well this month forming higher lows and highs. It was supported by the 50-day MA in July and took off from that level.

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