AUD/USD: the Bulls feel good

AUD/USD: the Bulls feel good

Technical levels: support – 0.7370, 0.7330; resistance – 0.7390

Trade recommendations:

  1. Buy — 0.7440; SL — 0.7420; TP1 — 0.7490.
  2. Sell — 0.7490; SL — 0.7510; TP1 — 0.7420; TP2 — 0.7390.

Reason: bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, but narrowing channel Tenkan-Kijun; the prices are in positive zone and going to main daily resistance 0.7490.

03-audusdh4.png

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