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 updating lows

 Tatiana Norkina, FBS analyst

The AUD/USD currency pair found support in the 0.7460/70 area yesterday, after the bearish rally at the end of the previous week.

The four-hour downtrend is still in force. The dead cross, lively supported by the Tenkan and Kijun lines, as well as the expanding downwards Ichimoku cloud, give groud to suggest that the bears have targeted the daily level within the 73rd figure area.

At the same time, the Chinkou Span line located in the zone of oversoldness may cause the pair to consolidate at the current levels in the next few days.

Technical levels: support – 0.7470, 0.7300; resistance – 0.7500, 0.7530.

Trade recommendations:

1. Sell — 0.7500; SL — 0.7530; TP1 — 0.7400; TP2 — 0.7300.

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