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AUD/USD: aussie on Cloud’s support

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Technical levels: support – 0.7400; resistance – 0.7440/50

Trade recommendations:

  1. Buy — 0.7400; SL — 0.7380; TP1 — 0.7450; T2 — 0.7490.
  2. Sell — 0.7380; SL — 0.7400; TP1 — 0.7330; T2 — 0.7300.

Reason: narrow bullish Ichimoku Cloud and falling Senkou Span A; a cancelled dead cross of Tenkan-sen and Kijun-sen; the prices are returned to Cloud and keep staying on its support.

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