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.

Aussie reaching out to highs

 Tatiana Norkina, FBS analyst

The Australian currency remains strong against the US dollar. Yesterday, the pair formed a new high for the past four months, having recovered by more than 150 pips, to the 81st figure area. The growth continued this morning as well, at the Asian session - the pair tested the 0.8160 mark.

The four-hour Ichimoku indicator is now fully bullish: the growing Ichimoku cloud, the golden cross, as well as all lines directed upwards suggest that the upward trend is to continue in the near future.

However, we should pay attention to the Chinkou line that is indicating the market overboughtness. Short-term corrective movements are possible.

Technical levels: support  – 0.8100, 0.8060; resistance – 0.8180.

Trade recommendations:

1. Buy — 0.8060/70; SL — 0.8040; TP1 — 0.8130; TP2 — 0.8170/80.


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