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: downtrend may resume

  Tatiana Norkina, FBS analyst

The currency pair continues to consolidate within a four-hour Ichimoku cloud. However, recently we can feel the bear pressure’s strengthening - prices have broken down support Tenkan and Kijun lines and have descended to the lower boundary of the cloud. Golden Cross, formed by lines lost relevance and maybe we will see the formation of a dead cross in case of breakdown and supporting Senkou Span A.

The cloud is configured on further expand in the downstream direction.

Oscillators are tuned to the same slide. The MACD histogram went under zero score.

Technical levels: support - 0.7730, 0.7760; resistance - 0.7800.

Trading recommendations:

1. Sell - 0.7770 / 80; SL - 0.7800; TP1 - 0.7650; TP2 - 0.7600.

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