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AUD/USD: market returned into Cloud

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Technical levels: support – 0.7370, 0.7400/10; resistance – 0.7450.

Trade recommendations:

  1. Sell — 0.7440; SL — 0.7460; TP1 — 0.7340; TP2 — 0.7310.
  2. Buy — 0.7460; SL — 0.7440; TP1 — 0.7520; TP2 — 0.7560.

Reason: narrow bullish Ichimoku Cloud, horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen; the prices are entered into the Cloud.

03-audusdh4.png

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