AUD/USD: the Aussie has updated the local maximums
Yesterday the Aussie has grown significantly against the US dollar by setting a new high for the last two months - 0.7660. This growth has led the market to an overbought and forced the prices to correction to the Tenkan-sen (0.7590) on the four-hour timeframe.
This support can be used by bulls to start a new purchases. But if the level does not support the market there is a possibility of a deeper correction in the Ichimoku clouds direction.
Technical levels: support – 0.7590, 0.7560; resistance – 0.7620.
1. Buy — 0.7560; SL — 0.7540; TP1 — 0.7660; TP2 — 0.7690.