The decision of the Australian central bank pressed the aussie down. How to trade it now?
AUD/USD: aussie can’t stay in positive area
2019-11-11 • Updated
Technical levels: support – 0.7330; resistance – 0.7370
- Sell — 0.7320; SL — 0.7340; TP1 — 0.7280; TP2 — 0.7220.
Reason: narrow bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen under the Cloud; the prices returned to the support of the Cloud after unsuccessful breakout of the SSB’s resistance.
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