AUD/USD: aussie continued consolidation in Cloud
Technical levels: support – 0.7965, 0.7985; resistance – 0.8040, 0.8070.
Trade recommendations:
- Buy — 0.8000; SL — 0.7980; TP1 — 0.8040; TP3 — 0.8070.
Reason: narrowing bullish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the market supported by Senkou Span B.