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AUD/USD: aussie on fire

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Technical levels: support – 0.7370, 0.7330; resistance – 0.7420, 0.7490

Trade recommendations:

  1. Buy — 0.7370; SL — 0.7350; TP1 — 0.7400; TP2 — 0.7420.
  2. Sell — 0.7420; SL — 0.7440; TP1 — 0.7370; TP2 — 0.7330.

Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with falling lines; the prices are going to lows of May 2017.

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