FBS Markets Inc.

AUD/USD: aussie entered inside cloudy area

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Technical levels: support – 0.7180; resistance – 0.7270.

Trade recommendations:

  1. Sell — 0.7250; SL — 0.7270; TP1 — 0.7180; TP2 — 0.7130.

Reason: bullish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are returned inside a Cloud and may go lower.

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