AUD/USD: bulls cant breaking out SSB’s resistance
Technical levels: support – 0.7370, 0.7400/10; resistance – 0.7450.
Trade recommendations:
- Sell — 0.7400; SL — 0.7420; TP1 — 0.7340; TP2 — 0.7310.
Reason: narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen; the prices are three way bounced from the SSB’s resistance.