Aussie turning trend around
Tatiana Norkina, FBS analyst
The AUD/USD currency pair consolidated above the Tenkan-sen and Kijun lines during yesterday's trading session, showing a short-term positive trend. During the day, the Ichimoku cloud lower border was tested, being successfully broken through today, and trades are now conducted in the cloud area. The high during the Asian session was recorded in the 0.7060 area.
Let us note that the Tenkan and Kijun lines have formed a golden cross and headed after the prices. Therefore, the bulls might try and test the cloud's upper border located in the 0.7090 area in the near future.
Technical levels: support – 0.7020; resistance – 0.7090.
1. Buy — 0.7020; SL — 0.7000; TP1 — 0.7090; TP2 — 0.7130.