Aussie is in favor again
Tatiana Norkina, FBS analyst
The Australian dollar, as we have expected earlier, took advantage of the support of the lower border in the four-hour Ichimoku cloud. A very powerful level was formed on the 72th figure, which drew a large number of buyers on the market. This morning we have seen an uprush to the levels of the cloud top. The pair broke the resistance of Tenkan and Kijun lines and is currently trying to get foothold on them. Be informed that the dead cross is still active, further growth will be hampered for now. We do not rule out a chance of reducing to 0.7260. But then the recovery is likely to be continued.
Technical levels: support – 0.7280, 0.7260; resistance – 0.7300, 0.7330.
Buy - 0.7280; SL - 0.7260; TP1 - 0.7330; TP2 - 0.7380.