Short term trend: Bullish
Ichimoku analysis (Daily chart):
Tenkan-Sen level: 0.8313
Kijun-Sen level: 0.8497
Ichimoku cloud top: 0.8711
Ichimoku cloud bottom: 0.8970
AUD/USD has made a low of 0.8200 and has slightly recovered from that level. In daily MACD it has formed bullish divergence and bounce back till 0.8375 cannot be ruled out.
The pair’s minor support is around 0.8200 and any break of will target 0.8130. AUD/USD intermediate resistance is around 0.8250 and break would extend gain to 0.8300/0.8375 (Dec 11th high).
Recommendation: Buy AUD/USD around 0.82270, SL 0.8198, Targets 0.8300/0.8375.
Ichimoku analysis (Daily chart):
Tenkan-Sen level: 0.8313
Kijun-Sen level: 0.8497
Ichimoku cloud top: 0.8711
Ichimoku cloud bottom: 0.8970
AUD/USD has made a low of 0.8200 and has slightly recovered from that level. In daily MACD it has formed bullish divergence and bounce back till 0.8375 cannot be ruled out.
The pair’s minor support is around 0.8200 and any break of will target 0.8130. AUD/USD intermediate resistance is around 0.8250 and break would extend gain to 0.8300/0.8375 (Dec 11th high).
Recommendation: Buy AUD/USD around 0.82270, SL 0.8198, Targets 0.8300/0.8375.