The decision of the Australian central bank pressed the aussie down. How to trade it now?
AUD/USD: aussie entered into Cloud
2019-11-11 • Updated
Technical levels: support – 0.7690, 0.7660; resistance – 0.7780
- Sell — 0.7770; SL — 0.7790; TP1 — 0.7690; TP2 — 0.7660.
Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a cancelled dead cross of Tenkan-sen and Kijun-sen; the market had entered into the cloudy area and may go up to Senkou Span B’s levels.
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