Tatyana graduated from Bashkir State University with the major of Applied Mathematics and IT. She used to work as a system analyst in a large IT company. Entered the financial markets in 2008. Her trading system is based on classical technical analysis, Ichimoku indicator and the elements of fundamental analysis. Tatyana is very dedicated to her family and children. In her free time she enjoys rising a bicycle.

AUD/USD: the pair is forced to consolidate

Tatiana Norkina, FBS analyst

Yesterday the pair tried to recover from the collapse in the last week. However, the correction runs rather sluggishly, indicating the weakness of buyers.

Short-term oscillators turned up to support this growth, but RSI is not in a hurry to leave the zone 30.

Note the Chinkou Span, which is in the oversold zone, which can also speak about the long-term consolidation of the pair at current levels. Therefore, do not rule out the possibility of testing the 80th figure in the week.

In this case, the downtrend is still valid: the Ichimoku cloud extends down the active dead cross formed by Tenkan and Kijun.

Technical levels: support - 0.7900; resistance - 0.8000.

Trading recommendations:

1. Sell - 0.8000; SL - 0.8020; TP1 - 0.7930; TP2 - 0.7900.

Scroll to top