AUD/USD: the Bears testing SSA’s support

AUD/USD: the Bears testing SSA’s support

Technical levels: support – 0.7580; resistance – 0.7630

Trade recommendations:

  1. Sell — 0.7580; SL — 0.7600; TP1 — 0.7530; TP2 — 0.7500.
  2. 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.




XAU/USD: bears got out

Recommendation: SELL $1266 SL $1281 TP1 $1237 TP2 $1212 On the daily chart, a break of XAU/USD below the lower border of a $1266-1288 consolidation range allowed bears to get out…


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