Aussie is going to grow
Tatiana Norkina, FBS analyst
A currency pair of AUD / USD continues to trade within a four-hour Ichimoku cloud, but the short-term bullish mood still remains relevant. Yesterday bulls managed to test the cloud top level, but Senkou Span B has not yet let them go in a positive area. However, staying around above the Tenkan and Kijun lines promises upturn for the pair with a resistance breakdown of 0.7075. We should mention an active gold cross is active formed by Tenkan-sen and Kijun-sen lines. Moreover, the Ichimoku cloud is tapering upwards due to Senkou Span A growth.
Technical levels: support – 0.7000, 0.7030; resistance – 0.7075, 0.7130.
Buy — 0.7040; SL — 0.7020; TP1 — 0.7130; TP2 — 0.7160.