FBS - Analytics


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    AUD/USD: Aussie is trying to get out of the cloud

    The pair AUD/USD is trying to get out of the cloud zone on the H4-timeframe. Yesterday it’s keeping positions above the Tenkan-sen and Kijun-sen, which formed a golden cross. But in the area of 0.7470 there is a strong resistance formed by the upper border of the Ichimoku cloud and the Kijun-sen. Today we expect an attack to this level and exit to the positive region.

    Technical levels: support – 0.7430; resistance – 0.7470.

    Trade recommendations:

    1. Buy — 0.7450; SL — 0.7430; TP1 — 0.7540; TP2 — 0.7580.

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