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: bulls in couterattack

 Tatiana Norkina, FBS analyst

In recent days, the bulls have finally managed to break through the four-hour Ichimoku cloud resistance and into the positive area. The prices fixing above Senkou Span B made the four-hour situation completely bullish. Thus, the Tenkan and Kijun lines have formed a golden cross and the cloud has changed for the positive, suggesting further currency pair rate recovery.

At the moment, the pair is testing the daily cloud lower border resistance. But even in case of a breakthrough, the 0.7930/50 area will bring a new surpirse for the bulls.

Prior to this range testing, we expect the prices to return to the Tenkan-sen line, since the market is a bit overbought at the moment, which is confirmed by the Chinkou Span line being in the corresponding area.

Technical levels: support – 0.7830, 0.7800, 0.7780; resistance – 0.7930/50.

Trade recommendations:

1. Buy — 0.7800; SL — 0.7780; TP1 — 0.7930; TP2 — 0.7950.

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