Aussie updated lows
Tatiana Norkina, FBS analyst
Trades in the currency markets were extremely nervous yesterday. Thus, the AUD/USD pair has updated its lows for the past seven years, to 0.7040. However, the bulls woke up immediately, returning the trades to the 72nd figure area.
The four-hour trend is still downward: the dead cross is active, combined with the bearish cloud. The pair is obvious to go back to yesterday's extremes again and again after the night's correction.
Technical levels: support – 0.7120 resistance – 0.7200.
1. Sell — 0.7200; SL — 0.7230; TP1 — 0.7120; TP2 — 0.7060.