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.

Downtrend of the Australian is valid

 Tatiana Norkina, FBS analyst 

Yesterday the currency pair AUD/USD made another attempt to escape under the support 0.7260, but last week update of Friday's lows did not happen. The market consolidated under Tenkan-sen line into force oversold - Chinkou Span is in the relevant area.

At the same time, the downward trend is still relevant: Ichimoku Cloud continues to widen downward, and lowering of Tenkan and Kijun lines strengthens the action of the dead cross that makes us suggest the imminent resumption of the downtrend.

Technical levels: support - 0.7260; resistance - 0.7335.

Trading recommendations:

1. Sell - 0.7335; SL - 0.7360; TP1 - 0.7240; TP2 - 0.7130.

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