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 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.

Trade recommendations:

1. Buy — 0.7090; SL — 0.7070; TP1 — 0.7130; TP2 — 0.7200.

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