Aussie going higher and higher
Tatiana Norkina, FBS analyst
Positive sentiment remains in the AUD/USD currency pair market. At the end of yesterday's trading session, the pair's rate soared above the 72nd figure, dashing into the bullish zone. The Tenkan and Kijun lines continue supporting purchases with the golden cross. More than that, the major trend is starting to change for the upward: Senkou Span A and B have crossed, changing the cloud's character.
At the same time, Chinkou Span will be in the zone of overboughtness today. Therefore, we do not rule out the rate's decline to the Ichimoku cloud upper border again.
Technical levels: support – 0.7150; resistance – 0.7210.
1. Buy — 0.7150; SL — 0.7130; TP1 — 0.7210; TP2 — 0.7240.