AUD/USD Forecast: The Bulls continue battle

forex-news-aud_1Technical levels: support – 0.7400; resistance – 0.7420/40

Trade recommendations:

Sell — 0.7390; SL — 0.7410; TP1 — 0.7330; TP2 — 0.7310.
Reason: narrow bullish Ichimoku Cloud with falling Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen, horizontal lines; the prices are under the Cloud’s resistance.

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