Tatiana Norkina, FBS analyst
The Australian dollar corrected to the Tenkan and Kijun lines yesterday, having recovered to the 0.7280 mark before – this is a new high this November. The market is supported by the Kijun line at 0.7220 today. The level is quite strong, therefore new purchases are possible from here that would attract more bulls to the market. It should be noted that the positive character of the Ichimoku indicator remains as well. Thus, the Golden cross is still active and the cloud keeps expanding upwards.
Technical levels: support – 0.7220; resistance – 0. 7280.
1. Buy — 0.7230; SL — 0.7110; TP1 — 0.7280; TP2 — 0.7300.