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

Yesterday, the Australian updated local lows again, decreasing to the 0.7350 mark. The main trigger for sales was the bulls' failure to get deeper into the four-hour Ichimoku cloud: a powerful resistance of the Senkou Span A line in the 0.7480 area has again thrown the AUD/USD currency pair rate into the negative zone.

In the meantime, the Tenkan and Kijun lines have formed a new dead cross, and the cloud has continued expanding downwards, supporting the bearish sentiment in the market. Small consolidation at the current levels is obvious to be followed by further rate's decline.

Technical levels: support – 0.7350; resistance – 0.7400.

Trade recommendations:

1. Sell — 0.7400; SL — 0.7420; TP1 — 0.7310; TP2 — 0.7280.

Scroll to top