FBS Markets Inc.

AUD/USD: aussie has grown to Cloud

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Technical levels: support – 0.7750, 0.7815; resistance – 0.7880

Trade recommendations:

  1. Sell — 0.7870/80; SL — 0.7900; TP1 — 0.7815; TP2 — 0.7750.

Reason: bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen; the market returned to bottom border of the Cloud.

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