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