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AUD/USD: aussie hovering over cliff

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Technical levels: support – 0.7725; resistance – 0.7780

Trade recommendations:

  1. Sell — 0.7760; SL — 0.7780; TP1 — 0.7690; TP2 — 0.7660.
  2. Buy — 0.7780; SL — 0.7760; TP1 — 0.7840; TP2 — 0.7880.

Reason: bullish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen; the market is under the strong resistance of 0.7780.

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