AUD/USD Forecast: aussie may return to Cloud

forex-news-aud_1Technical levels: support – 0.7800; resistance – 0.7880, 0.7900.

Trade recommendations:

Buy — 0.7820; SL — 0.7800; TP1 — 0.7880; TP2 — 0.7900.
Reason: bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with falling lines; the prices are on the strong support on the daily timeframe.

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