AUD/USD: aussie will correct to Tenkan

AUD/USD: aussie will correct to Tenkan

Technical levels: support – 0.7500; resistance – 0.7550

Trade recommendations:

  1. Sell — 0.7550; SL — 0.7570; TP1 — 0.7500; TP2 — 0.7480.

Reason: bearish Ichimoku Cloud with falling Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices made a new lows, but the market is oversold and expected a correction to Tenkan-sen.

03-audusdh4.png

aud

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Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling lines; the market had bounced from the 2Y-highs and going to correction.

gbp

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