AUD/USD: bulls keep pressuring
Tatiana Norkina, FBS analyst
The bulls have managed to steal the initiative. Despite the break through the four-hour Ichimoku cloud lower border, the currency pair has failed to consolidate in the negative zone. The bulls counterattack has ended up in an upward break through the cloud and, apparently, they are aiming to fix above the 78th figure.
They will be supported by the cloud upper border and the Tenkan and Kijun lines.
Oscillators have also turned upwards, indicating bullish sentiment of the market participants.
Technical levels: support – 0.7830; resistance – 0.7930.
1. Buy — 0.7830; SL — 0.7810; TP1 — 0.7900; TP2 — 0.7930.