AUD/USD: aussie testing Cloud’s resistance again

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Technical levels: support – 0.7440; resistance – 0.7470.

Trade recommendations:

  1. 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.

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