AUD/USD: aussie testing Cloud’s resistance again
Technical levels: support – 0.7440; resistance – 0.7470.
Trade recommendations:
- Sell — 0.7420; SL — 0.7440; TP1 — 0.7370; TP2 — 0.7340.
Reason: narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the prices are returned to the Cloud and breakout Senkou Span B.