Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, rising Kijun-sen; the market supported by Tenkan-sen and it will continue the uptrend.
AUD/USD: bulls look strong
Technical levels: support – 0.7950; resistance – 0.7990.
- Buy — 0.7970; SL — 0.7950; TP1 — 0.8030; TP2 — 0.8080.
Reason: bullish Ichimoku Cloud; horizontal Senkou Span A, but rising Senkou Span A; a correctional dead cross of Tenkan-sen and Kijun-sen wit horizontal lines; the prices are in the Cloud, but bulls are trying to break out into the positive area.
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the prices are a tested the main daily resistance, but the market needs a correction.
Recommendation: BUY 0…
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