Recommendation: BUY 1…
AUD/USD: bulls temporarily quieted down
Technical levels: support – 0.7970, 7930; resistance – 0.8020, 0.8080.
- 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.
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…
We’ve got a pullback from the lower “Window”, so there’s a bullish “Doji”, which has been confirmed .