AUD/USD: bears breakdown Cloud’s support

AUD/USD: bears breakdown Cloud’s support

Technical levels: support – 0.7370, 0.7400/10; resistance – 0.7440.

Trade recommendations:

  1. Sell — 0.7440; SL — 0.7460; TP1 — 0.7370; TP2 — 0.7340.

Reason: narrowing bullish Ichimoku Cloud, falling Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen; the prices are entered into the negative zone.

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