This pair for the second session is testing 1.1076-1.1042 support area set by Kijun-sen and Senkou Span B. Price staying above these levels is a condition to stay in bullish trend and another attack on Tenkan-sen 1.1230. Close the day below Senkou Span B will be a sign of going back to consolidation area from December 2015 and January 2016.
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Yesterday gains stopped in 1.4373-1.4404 resistance area. Now the price is oscillating around (1/8) 1.4282 and there is a possibility of continuation of bearish trend to (0/8) 1.4160. However we should be careful because despite decreases all Ichimoku stays horizontally what predicts a correction soon. Also Chikou Span is getting close to the chart and only strong decreases today and during Monday’s sessions will cancel this threat.
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Pair is getting close to important support at 0.7080. At this point Tenkan-sen, Senkou Span B and (4/8) line connect. Defense of this level will bring Aussie back to resistance at 0.7202. On the other side decrease below this line will be a sign of testing Kijun-sen 0.7034.