AUD/USD: bears have won

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Technical levels: support – 0.7370, 0.7340; resistance – 0.7440.

Trade recommendations:

  1. Sell — 0.7410; SL — 0.7420; TP1 — 0.7370; TP2 — 0.7340.

Reason: narrowing bullish Ichimoku Cloud, falling Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen with falling lines; the prices are under the Cloud and formed the new lows.

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