12:15 PM (EST) Update
AUD/USD Daily: Testing Lower Band of Ichimoku Cloud
Suggested positioning: None.
Technical Analysis: The Australian dollar continues to range inside the Ichimoku cloud touching the lower band with all other moving averages straightening. A confirmation below the Ichimoku cloud could signal further drops.
Alternative Scenario: Above pivot level at 0.79 look for up moves towards 23% Fibonacci at 0.8050 and 0.8320
Where I’m setting my stops and limits:
|Support Levels||Turning Point||Resistance Levels|