FBS Markets Inc.

AUD/USD: aussie made new lows

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Technical levels: support – 0.7450; resistance – 0.7520, 0.7560.

Trade recommendations:

1. Buy — 0.7450; SL — 0.7430; TP1 — 0.7520; TP2 — 0.7560.

Reason: bearish Ichimoku Cloud; a dead cross of Tenkan-sen and Kijun-sen with falling lines; the prices are on the support of 5W-levels near 0.7450.

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