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: correction under the cloud

Tatiana Norkina, FBS analyst


Updating lows in the beginning of the week, the pair has found support around 0.7740. Here Tenkan and Kijun formed a powerful level that bulls took advantage of. Later they formed a golden cross, which supports short-term bullish trend on the market.

Oscillators also went up, although MACD is still in the negative zone.

It is quite obvious that this increase is only corrective, since Ichimoku cloud still points to the urgency of the downward trend in the longer term. Therefore, after testing the lower limit of the Ichimoku cloud, bears may increase the pressure.

Technical levels: support - 0.7740; resistance - 0.7870.

Trading recommendations: 1. Sell - 0.7870; SL - 0.7890; TP1 - 0.7770; TP2 - 0.7740.


Scroll to top