Aussie amazingly firm
Tatiana Norkina, FBS analyst
The Australian dollar has strengthened remarkably during yesterday's trading. The bulls felt support of the four-hour Ichimoku cloud upper border and began trading with intensified purchases from the 0.7185 level. During the day, they have managed to break through the Tenkan and Kijun lines resistance and consolidate in the positive area. This boosted confidence of new market participants that have joined the uptrend this morning – the pair has tested the past week' highs, recovering to 0.7280. Tenkan-sen and Kijun have immediately canceled the dead cross, forming the golden one. The clous has strengthen as well. The pair might obviously go higher under these circumstances.
Technical levels: support – 0.7230; resistance – 0. 7280.
1. Buy — 0.7230; SL — 0.7110; TP1 — 0.7280; TP2 — 0.7300.