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: the Aussie is overbought

Yesterday the pair AUD/USD updated the two-week highs to the 0.7540. As we noted earlier, there is a strong resistance at this level. Additionally, the market was quite overbought. It's stopped the recovery process. Therefore today we saw a correction to the Tenkan-Sen. This line is holding the further falling of pair, but the correction can be continued up to the Kijun-sen. An then the new buyers may return to the market .

Technical levels: support – 0.7500, 0.7460; resistance – 0.7540.

Trade recommendations:

1. Buy — 0.7460; SL — 0.7440; TP1 — 0.7540; TP2 — 0.7580.

Scroll to top