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AUD/USD: aussie is on new highs

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Technical levels: support – 0.7840; resistance – 0.7900

Trade recommendations:

  1. Buy — 0.7840/50; SL — 0.7820; TP1 — 0.7900.
  2. Sell — 0.7900; SL — 0.7920; TP1 — 0.7800; TP2 — 0.7760.

Reason: bullish Ichimoku Cloud with horizontal Senkou Span A and rising Senkou Span B; a cancelled dead cross of Tenkan-sen and Kijun-sen and horizontal lines; the market is under strong resistance of 0.7900.

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