Aussie losing ground
Tatiana Norkina, FBS analyst
The AUD/USD currency pair has failed to keep in the positive area. During today's Asian session, the pair dropped sharply after the Chinese data release, losing by over a figure. At the moment, trades are carried out slightly above the 73rd figure support, under the Ichimoku cloud.
The main uptrend is obvious to change soon as well: the cloud has already started narrowing down. The Tenkan and Kijun lines have already canceled the golden cross action and are now set for further decrease.
In the near future, trades are likely to continue within consolidation, in close proximity to the cloud's lower border.
Technical levels: support – 0.7300; resistance – 0.7340.
Trade recommendations: out of market.