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 is correcting

 Tatiana Norkina, FBS analyst

The AUD/USD currency pair seems to have found support in the 69th figure area. Friday's update of lows, accompanied by this level testing, made Chinkou Span move to the zone of oversoldness. Obviously, this is why we are witnessing the pair's recovery into the Tenkan-sen line area this morning. If the bulls manage to break through the 0.6960 resistance, the growth can be prolonged up until the Kijun-sen level, to the 0.6980 mark.

The general mood in the market still remains bearish: the dead cross and the downward expanding cloud are likely to gather new buyers to move to the 68th figure.

Technical levels: support –  0.6800, 0.6900; resistance – 0.6980.

Trade recommendations:

1. Sell — 0.6980; SL — 0.7000; TP1 — 0.6900; TP2 — 0.6850.

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