Expanding bearish Ichimoku Cloud with falling Senkou Span A; a new cross of Tenkan-sen and Kijun-sen
AUD/USD is aiming high
BUY 0.8015, SL 0.7960, TP1 0.8100 TP2 0.8200
BUY 0.7965 SL 0.7910 TP1 0.8100 TP2 0.8200
On the daily chart, AUD/USD returned to the uptrend after the consolidation. The pair keeps aiming to 0.8200. As long as it’s trading above 0.7965, bulls are in no danger. The main strategy is to buy Aussie on the pullbacks to the downside.
On H1, AUD/USD has made the “Spike and Ledge” pattern on the basis of 1-2-3. The pair aims for the 200%target of AB=CD. The nearest support levels are at 0.8015 and 0.7965.
Narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen; the prices are three way bounced from the SSB’s resistance.
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