FBS Markets Inc.

AUD/USD: aussie updated lows

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Technical levels: support – 0.7000; resistance – 0.7060

Trade recommendations:

  1. Sell — 0.7040; SL — 0.7060; TP1 — 0.7000; TP2 — 0.6970.

Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with falling lines; the market continues downtrend and reached new lows of 2018 on 0.7020.

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