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AUD/USD: aussie needs Cloud’s support

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Technical levels: support – 0.7850; resistance – 0.7910, 0.7940

Trade recommendations:

  1. Buy — 0.7850; SL — 0.7830; TP1 — 0.7910; TP2 — 0.7940.
  2. Sell — 0.7830; SL — 0.7850; TP1 — 0.7780; TP2 — 0.7740.

Reason: expanding bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Kijun-sen; the prices in a correction to the Cloud and the market needs Cloud’s support.

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