AUD/USD: bulls look strong
Technical levels: support – 0.7950; resistance – 0.7990.
Trade recommendations:
- Buy — 0.7970; SL — 0.7950; TP1 — 0.8030; TP2 — 0.8080.
Reason: bullish Ichimoku Cloud; horizontal Senkou Span A, but rising Senkou Span A; a correctional dead cross of Tenkan-sen and Kijun-sen wit horizontal lines; the prices are in the Cloud, but bulls are trying to break out into the positive area.