Aussie sweeping down
Tatiana Norkina, FBS analyst
The AUD/USD currency pair continued its almost vertical decline during yesterday's trading session. A break through the four-hour Ichimoku cloud support has had a negative impact on the market participants' sentiment who were expecting a bullish course of events in the mid-term perspective. Massive sales of the Australian have led to the pair's rate slide under the 70th figure. The bearish trend is so far supported by the dead cross that is getting stronger every day. There is a very good chance of the major trend change as well: the Senkou Span A and B lines crossing will soon change the cloud's character to negative.
Technical levels: support – 0.6960; resistance – 0.7080, 7015.
1. Sell — 0.7015; SL — 0.7035; TP1 — 0.6960; TP2 — 0.6915.