Aussie held on the 73rd figure
Tatiana Norkina, FBS analyst
The currency pair AUD/USD continues to consolidate in the 73rd figure. Yesterday the bears made a new attempt to resume the downtrend, but the support of Tenkan and Kijun lines stop their onslaught, and today in the morning trades conducted above 0.7300. The lines formed even golden cross. However, the main trend is still determined bearish cloud, which extends in a downward direction. It is obvious that during today's session, the bulls will be able to test the resistance of the bottom of the cloud, but then the fall probably will be resumed.
Technical levels: support - 0.7260; resistance - 0.7335.
1. Sell - 0.7335; SL - 0.7360; TP1 - 0.7240; TP2 - 0.7130.