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AUD/USD: the Bears testing SSA’s support

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Technical levels: support – 0.7580; resistance – 0.7630

Trade recommendations:

  1. Sell — 0.7580; SL — 0.7600; TP1 — 0.7530; TP2 — 0.7500.
  2. Buy — 0.7600; SL — 0.7590; TP1 — 0.7660; TP2 — 0.7690.

Reason: narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen, the lines are horizontal; the prices returned to the SSA’a support.

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