AUD/USD: aussie supported by Cloud

AUD/USD: aussie supported by Cloud

Technical levels: support – 0.7600; resistance – 0.7650, 0.7690.

Trade recommendations:

  1. Buy — 0.7620; SL — 0.7600; TP1 — 0.7690; TP2 — 0.7730.

Reason: narrow bullish Ichimoku Cloud with rising Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen, horizontal Tenkan-sen and Kijun-sen; the prices supported by Senkou Span A and the market may go higher.





Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

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