Norkina: Aussie is getting back to maximum

Tatiana Norkina

Lately, the currency pair AUD/USD has been in the positive area after local maximums’ update. In spite of negative character of yesterday’s last session in its beginning, bulls managed to stop the correction and turned the trading in their favor. In the long run, the pair broke through the resistance of the Tenkan and Kijun lines and happened to be in immediate proximity to 74th figure.

Obviously, today trading is going to be over the Tenkan and Kijun lines which has recently formed a dead cross. As soon as it turns into the golden cross we will see the market growth.

Technical levels: Support - 0.7300; Resistance - 0.7380, 0.7400.

Trading recommendations: 1. Buy - 0.7300; SL - 0.7280; TP1 - 0.7400; TP2 - 0.7430.

Scroll to top