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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: bears keep pressuring

 Tatiana Norkina, FBS analyst

The currency pair failed to hold above the 78th figure early this week. Under the bears' pressure, the pair's rate tumbled below the support level of Tenkan and Kijun, which triggered new trading sellers to join trades. As a result, prices left the cloud area and approached last week's lows - 0.7650.

Oscillators backed the fall, turning downwards.

Ichimoku indicator is bearish too: the cloud is expanding downwards. The dead cross is active.

Consequently, we can expect resumption of the downtrend in the near future.

Technical levels: support – 0.7650; resistance – 0.7700, 0.7740.

Trade recommendations:

1. Sell — 0.7700; SL — 0.7720; TP1 — 0.7650; TP2 — 0.7600.

AUD
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