FBS - Analytics


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    AUD/USD: correction to the cloud

    Touching the resistance 0.7540, the currency pair AUD/ USD started correction to the Tenkan and Kijun. But the lines could not support the short-term bearish market and it is fell to the Ichimoku cloud.

    Tenkan-Sen and Kijun-sen are cancelled the golden cross effect threatens to change the short-term trend. At the same time the cloud has kept a bullish mood. We expect in the near future the consolidation in the range of 0.7410-0.7470.

    Technical levels: support – 0.7410; resistance – 0.7470.

    Trade recommendations:

    1. Sell — 0.7460; SL — 0.7480; TP1 — 0.7410; TP2 — 0.7380.

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