Greatest sell-off of Australian Dollar
The decision of the Australian central bank pressed the aussie down. How to trade it now?
AUD/USD: aussie can’t breakout 0.8000
2019-11-11 • Updated
Technical levels: support – 0.7940; resistance – 0.8000.
Trade recommendations:
- Buy — 0.7940/50; SL — 0.7920; TP1 — 0.8000; TP3 — 0.8040.
Reason: bullish Ichimoku Cloud, horizontal Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen, the lines are horizontal; the prices are returned to the Cloud and supported by Tenkan, Kijun and upper border of the Cloud.
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