AUD/USD: bulls are stopped by Cloud

AUD/USD: bulls are stopped by Cloud

Technical levels: support – 0.7550; resistance – 0.7570.

Trade recommendations:

1. Sell — 0.7540; SL — 0.7560; TP1 — 0.7470; TP2 — 0.7430.

Reason: bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are under strong resistance of the Cloud.

aud

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