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