AUD/USD broke major support level 0.7500

AUD/USD broke major support level 0.7500

  • AUD/USD broke major support level 0.7500
  • Next sell target - 0.7400

 AUD/USD recently broke the major support level 0.7500 ( which stopped the sharp downtrend in December and which reversed the price at end start of April, as can be seen from the daily AUD/USD chart below). The breakout of this support level should strengthen the bearish pressure on this currency pair. AUD/USD is expected to fall toward the next sell target at next support level 0.7400.




EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

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