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AUD/USD: testing Cloud’s resistance

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Technical levels: support – 0.7730; resistance – 0.7750, 0.7780

Trade recommendations:

  1. Sell — 0.7730; SL — 0.7750; TP1 — 0.7610; TP2 — 0.7580.

Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen under the Cloud, but with the lines are horizontal; the prices in a correction movement to the Cloud and can be stopped by Cloud’s resistance.

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