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.

RBA supported Australian rate

 Tatiana Norkina, FBS analyst

The Australian is growing significantly against the dollar today, after the RBA decision to keep the interest rate at 2.25%. The currency pair rate has skyrocketed to the 77th figure, testing the four-hour Ichimoku cloud lower border at the moment.

Thus, the short-term trend has changed to bullish – the Tenkan and Kijun lines have formed a golden cross and started to go upwards.

However, the main downtrend is still relevant, since the cloud, as we see, is not going to change its character quickly. The prices are obvious to test the cloud's upper border soon, then we are expecting the rate's decrease into the cloud's lower border area.

Technical levels: support – 0.7650, 0.7620; resistance – 0.7730.

Trade recommendations:

2. Sell — 0.7730; SL — 0.7750; TP1 — 0.7650; TP2 — 0.7620.

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