Recommendation: BUY 1…
AUD/USD: the Bears testing SSA’s support
Technical levels: support – 0.7580; resistance – 0.7630
- Sell — 0.7580; SL — 0.7600; TP1 — 0.7530; TP2 — 0.7500.
- Buy — 0.7600; SL — 0.7590; TP1 — 0.7660; TP2 — 0.7690.
Reason: narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen, the lines are horizontal; the prices returned to the SSA’a support.
GBP/AUD reversed from combined support zone Next buy target - 1…
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen, rising Tenkan-sen; the prices are entered into the Cloud.
There's a bearish "Harami", but confirmation of this pattern isn't enough. So, bulls are likely going to test the 34 MA...