AUD/USD: aussie reached main support

AUD/USD: aussie reached main support

Technical levels: support – 0.7800, 0.7830; resistance – 0.7880, 0.7900.

Trade recommendations:

  1. Buy — 0.7840; SL — 0.7820; TP1 — 0.7880; TP2 — 0.7900.

Reason: bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the prices are in the oversold area yet, but entered into the channel of Tenkan-Kijun and can grow to Kijun’s levels.

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USD/JPY: dollar made new lows

Expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the market made new lows, but there is a strong support on 111.00.

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