Aussie breaking through cloud
Tatiana Norkina, FBS analyst
The AUD/USD currency pair grew up to the Ichimoku cloud upper border on the four-hour time frame yesterday morning, testing the powerful resistance of 0.7090. However, the bulls felt confident after consolidating above the Tenkan-sen and Kijun lines. Today, we can speak about a break through Senkou Span B - trading within the Asian session is already held in the 0.7120 area. All Ichimoku indicator lines have turned upwards, supporting the bullish sentiment in the market. But even with this considered, the cloud is still negative. The pair is yet obvious to return to the recent resistance of 0.7090, then growth as high as up to the 72nd figure is possible.
Technical levels: support – 0.7090; resistance – 0.7130, 0.7200.
1. Buy — 0.7090; SL — 0.7070; TP1 — 0.7130; TP2 — 0.7200.