AUD/USD: bulls look strong

AUD/USD: bulls look strong

Technical levels: support – 0.7950; resistance – 0.7990.

Trade recommendations:

  1. 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.

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