FBS Markets Inc.

AUD/USD: aussie in correction to Cloud

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Technical levels: support – 0.7950; resistance – 0.8030

Trade recommendations:

  1. Buy — 0.7950; SL — 0.7930; TP1 — 0.8030; TP2 — 0.8080.

Reason: bullish Ichimoku Cloud with rising Senkou Span B; a golden cross of Tenkan-sen and Kijun-sen; the prices are in correction to the Cloud.

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