AUD/USD: aussie on fire

AUD/USD: aussie on fire

Technical levels: support – 0.7330, 0.7270; resistance – 0.7370

Trade recommendations:

  1. Sell — 0.7330; SL — 0.7350; TP1 — 0.7270; TP2 — 0.7210.

Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen, horizontal lines; the prices are made new lows and ready to continue existing downtrend.

03-audusdh4.png

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