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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 showing strength

 Tatiana Norkina, FBS analyst

The AUD/USD currency pair remained above the 73rd figure. Yet another bears' attack on the support level turned out a failure which triggered a skyrocket shot early today. As a result of the bulls' active buying, the currency pair rate soared deep into the four-hour Ichimoku cloud, to the 0.7350 mark, breaking the Tenkan-Sen, Kijun-sen and Senkou Span A lines resistance. This could mean a short-term reversal of the downtrend for a correctional recovery purposes. However, we already see a powerful resistance at the current levels that might not let the bulls to the cloud's upper border.

Technical levels: support – 0.7260, 0.7300; resistance – 0.7350.

Trade recommendations:

1. Buy — 0.7310; SL — 0.7290; TP1 — 0.7350; TP2 — 0.7380.

AUD
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