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: what break through cloud threatens

 Tatiana Norkina, FBS analyst

Yesterday's US Federal Reserve meeting has brought a bunch of uncertainties, causing the US dollar to decline sharply against world currencies. Thus, the AUD/USD currency pair rate has soared by more than 240 pips, changing the technical picture on the four-hour charts entirely. There has been a break of the Ichimoku cloud upwards and, soon, the bulls may try to gain foothold in the positive area in order to change the main daily trend.

The Tenkan and Kijun lines, respectively, have cancelled the dead cross effect, while the cloud itself has narrowed to the maximum, ready to change its character. Oscillators are also positive now.

Nevertheless, while there is no consolidation, it is too early to move to the bulls side, besides, there are quite a lot of resistance levels in the upper part of the chart. At the same time, sales of the currency pair are also dangerous. Under these circumstances, it is better to stay out of the market.

Technical levels: support – 0.7720/30; resistance – 0.7780, 0.7805, 0.7830.

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