AUD/USD: the Aussie tunes to throw
The Australian dollar have stayed above the Tenkan-Sen on the H4-timeframe. Against the positive mood of the Ichimoku indicator (there is a bullish cloud and a golden cross), the bulls failed the uptrend resuming. The main reason for that, as we said earlier, - the market is overbought.
There is a high probability of decreasing the prices up to the level of the Kijun-sen line.
Technical levels: support – 0.7620, 0.7590; resistance – 0.7690.
1. Buy — 0.7620; SL — 0.7600; TP1 — 0.7660; TP2 — 0.7690.