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 – 0.7450, 0.7500; resistance – 0.7550, 0.7600
- Sell — 0.7590; SL — 0.7610; TP1 — 0.7500; TP2 — 0.7450.
Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but narrowing channel Tenkan-Kijun; the market inside a Cloud again, but there is a strong resistance near 0.7600 – Senkou Span B.
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