After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.
AUD/USD: aussie under Kijun’s resistance
Technical levels: support – 0.7040; resistance – 0.7100, 0.7150
- Sell — 0.7100; SL — 0.7120; TP1 — 0.7040; TP2 — 0.7010.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the prices are in negative area and corrected to Kijun’s resistance, downtrend may continue.
AUD/USD that has settled below the 100-day MA in the 0.6840 area. Learn more!
The earnings season in the United States is still on. This means that stocks of the largest American companies will likely make big moves.