The decision of the Australian central bank pressed the aussie down. How to trade it now?
AUD/USD: aussie corrected to positive zone
2019-11-11 • Updated
Technical levels: support – 0.7280; resistance – 0.7370
- Sell — 0.7370; SL — 0.7390; TP1 — 0.7280; TP2 — 0.7220.
Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising lines; the prices returned to positive zone in a correctional movement, but there is a strong resistance near 0.7400.
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