AUD/USD: keeping above the cloud
The Bulls made a great running yesterday on the AUD/USD market. There has been a breakdown of Tenkan-Sen and Kijun-Sen resistance. The exchange rate of the currency pair rose over 120 pips and returned to the levels of the weeks beginnig - 0.7530.
On the four-hour timeframe preserved a tense situation: all the Ichimoku lines are directed horizontally. Bullish Ichimoku cloud have a narrow range. Tenkan and Kijun formed a dead cross. It’s possible re-returning of the price to the cloud.
Technical levels: support – 0.7475, 0.7500; resistance – 0.7540.
1. Buy — 0.7500; SL — 0.7480; TP1 — 0.7540; TP2 — 0.7590.