Aussie set to correct
Tatiana Norkina, FBS analyst
The AUD/USD currency pair has gone into correction by the end of yesterday's trading. It happened after the bulls had failed to overcome the 73rd figure resistance. Here, the buyers were stalled by the Kijun-Sen and Senkou Span A lines forming the four-hour Ichimoku cloud upper border. Having bounced off them, the prices moved in the opposite direction, to the lower border. Today, the bears are obvious to have a chance to test the Senkou Span B support. They are backed up by the Tenkan and Kijun lines that formed a dead cross earlier this week.
Technical levels: support – 0.7160; resistance – 0.7240, 0.7280.
Trade recommendations: off the market.