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 holding above 0.7400

 Tatiana Norkina, FBS analyst

Despite the increased pressure by the bears, the AUD/USD currency pair keeps holding above the 74th figure. Yesterday, the bears once again attempted to break the level downwards, but the support remains ungiving.

In general, the four-hour Ichimoku indicator indicates a bearish sentiment in the market. However, the Tenkan and Kijun lines have not yet determined the short-term trend: there is nothing to replace the cancelled golden cross with. Therefore, we do not rule out a possibility of the pair recovering into the cloud's lower border area - 0.7440 - today, then the major downtrend may be resumed.

Technical levels: support – 0.7400; сопротивление – 0.7440.

Trade recommendations:

1. Sell — 0.7440; SL — 0.7460; TP1 — 0.7370; TP2 — 0.7310.

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