AUD/USD: aussie is overbought
Technical levels: support – 0.7530, 0.7590; resistance – 0.7660
Trade recommendations:
- Sell — 0.7640; SL — 0.7660; TP1 — 0.7590; TP2 — 0.7530.
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Kijun-sen, but narrowing channel Tenkan-Kijun; the market tested Cloud’s resistance on daily timeframe and overbought now.