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 corrected to Kijun-sen
2019-11-11 • Updated
Technical levels: support – 0.7500; resistance – 0.7550.
Trade recommendations:
1. Sell — 0.7550; SL — 0.7570; TP1 — 0.7500; TP2 — 0.7470.
Reason: expanding bearish Ichimoku Cloud, falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen, falling Tenkan-sen; the prices are in channel Tenkan-Kijun under a strong resistance of Kijun-sen and Senkou Span A.
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