AUD/USD: bulls temporarily quieted down

AUD/USD: bulls temporarily quieted down

Technical levels: support – 0.7970, 7930; resistance – 0.8020, 0.8080.

Trade recommendations:

  1. Buy — 0.7970; SL — 0.7950; TP1 — 0.8020; TP2 — 0.8080.

Reason: bullish Ichimoku Cloud, but falling Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the prices are on the support of Tenkan-sen and Kijun-sen and the Cloud.

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