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 corrected

 Tatiana Norkina, FBS analyst

The AUD/USD currency pair fall has ended in the 74th figure area, although the bears formed a new low at the 0.7370 mark yesterday. Right after that, the pair began to correct and has already won back half of the week's decline today, returning to the 0.7470 area.

However, the downtrend remains relevant. First of all, the Ichimoku cloud has expanded significantly downwards. Second, the dead cross is active and the Tenkan and Kijun lines are set for further decrease.

Therefore, the pair might bounce of Kijun-sen and go back to the recent lows in the near future.

Technical levels: support – 0.7400, 0.7370; resistance – 0.7470, 0.7500.

Trade recommendations:

1. Sell — 0.7470; SL — 0.7500; TP1 — 0.7400; TP2 — 0.7370.


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