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 Australian giving in again

 Tatiana Norkina, FBS analyst

As expected, the currency pair rate had been recovering wihtin correctional growth up to 0.8000. But immediately after the figure testing, the bears got back into the game, decreasing the prices to the lows of the beginning of the week, into the 0.7850 area. Thus, not only has the bearish trend survived, but also the sellers pressure increase is now possible.

Oscillators have turned downwards, together with the four-hour Ichimoku lines.

At the same time, one can observe the pair's oversoldness on a shorter timeframe. Therefore, further rate decline may resume after testing the 79th figure.

Trade recommendations:

1. Sell — 0.7900; SL — 0.7920; TP1 — 0.7850; TP2 — 0.7810.

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