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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.

Stevens weakening Aussie

 Tatiana Norkina, FBS analyst

Yesterday's statement of RBA Governor Stevens about a possible interest rates reduction has weakened the national currency significantly. Well enough, the pair had already been on a powerful resistance level, in the 0.7800/50 area. Therefore, the bulls on the AUD/USD pair have immediately decided to get rid of long positions. As a result, the currency pair rate has plummeted into the cloud zone on the four-hour timeframe, currently trading below the 77th figure.

Ichimoku cloud, having barely managed to change for the bullish, has narrowed to a minimum. The golden cross formed by the Tenkan and Kijun lines is fading away too. We assume that, under such circumstances, trades will be conducted with a negative attitude in the near future.

Technical levels: support – 0.7700; resistance – 0.7735, 0.7760.

Trade recommendations:

1. Sell — 0.7735; SL — 0.7760; TP1 — 0.7670; TP2 — 0.7620.

AUD
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