AUD/USD: aussie falling inside Cloud

AUD/USD: aussie falling inside Cloud

2019-11-11 • Updated

Technical levels: support – 0.7500; resistance – 0.7550, 0.7580

Trade recommendations:

  1. Sell — 0.7540; SL — 0.7560; TP1 — 0.7500; TP2 — 0.7460.

Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen with falling lines; the prices returned inside a Cloud and supported by Senkou Span B.

03-audusdh4.png

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