FBS - Analytics


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    AUD/USD: on the positive mood

    The currency pair AUD/USD is positive today. Trades are reached the positive area and carried out over a Ichimoku cloud on the H4-timeframe. The bulls are supported by gold cross formed with the Tenkan-Sen and Kijun-Sen. But the cloud remains in the bearish mood and it’s make the market go back to the area of 0.7450 in the short-term look. Also note there’s a strong resistance around 0.7540.

    Technical levels: support – 0.7430/40; resistance – 0.7540.

    Trade recommendations:

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

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