Aussie remains under pressure
Tatiana Norkina, FBS analyst
The AUD/USD currency pair has finally consolidated below the Ichimoku cloud. After a corrective recovery to the cloud's lower border, the pair bounced from Senkou Span B, confirming the bears' will to sustain the downward trend.
Let us remind you that the major trend changed the previous week. The short-term trend, in its turn, is now bullish-directed - the golden cross is active. However, the participants' sentiment cannot be affected by this cross anymore since the bears managed to break through the Kijun line support last night. The rate's decline is obvious to continue in the near future.
Technical levels: support – 0.7600; resistance – 0.7660.
1. Sell — 0.7650/60; SL — 0.7690; TP1 — 0.7600; TP2 — 0.7580.