Tatyana graduated from Bashkir State University with the major of Applied Mathematics and IT. She used to work as a system analyst in a large IT company. Entered the financial markets in 2008. Her trading system is based on classical technical analysis, Ichimoku indicator and the elements of fundamental analysis. Tatyana is very dedicated to her family and children. In her free time she enjoys rising a bicycle.

AUD/USD: bulls remain hesitant

DailyAUD/USD fixed below the Ichimoku cloud last week.Bulls have gently tested the resistance, created by the lower boundary of the cloud and are no longer trying to reverse the market to the upside. The pair lsipped to 0.7170 by the end of the week. However, strong support is clustered at these levels.

Note that the market is strongly oversold. This could make the pair retrace into the Tenkan-Kijun channel.

Chart. Daily AUDUSD

H4. The downtrend is also clearly seen on the 4-hour chart. After a test of the lower band of the Cloud, Tenkan and Kijun lines formed another bearish cross, while the Cloud extened the range to the downside..

The market is now trading inside the Tenkan-Kijun range. A breakout higher or lower will set further direction to trade.

Chart. H4 AUDUSD

Scroll to top