AUD / USD: Consolidation under a cloud
Tatiana Norkina, FBS analyst
The currency pair continues to consolidate under a four-hour Ichimoku cloud. During the last day the bulls attempted to restore to the lower limit under the influence of the positive impact of the Golden Cross. But it will be quite difficult to get into the area of cloudiness because there is a very strong resistance in the area of 78th figure.
Oscillators behave quite carefully, moving laterally.
Do not rule out the resumption of the downtrend in the case when lowest cloud’s level will not be broken today.
Technical levels: support - 0.7780; resistance - 0.7800.
1. Sell - 0.7770; SL - 0.7790; TP1 - 0.7650; TP2 - 0.7600.