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AUD/USD: aussie reached new lows but near main support

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Technical levels: support – 0.7480; resistance – 0.7560

Trade recommendations:

  1. Sell — 0.7540; SL — 0.7560; TP1 — 0.7500; TP2 — 0.7480.
  2. Buy — 0.7480; SL — 0.7460; TP1 — 0.7530; TP2 — 0.7550.

Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, falling Tenkan-sen; the prices are made a new lows, but there is a strong support on 0.7480.

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