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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 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.

Trade recommendations:

1. Buy — 0.7020; SL — 0.7000; TP1 — 0.7090; TP2 — 0.7130.

AUD
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