AUD/USD: aussie going lower

AUD/USD: aussie going lower

2019-11-11 • Updated

Technical levels: support – 0.7370; resistance – 0.7440.

Trade recommendations:

  1. Sell — 0.7420; SL — 0.7440; TP1 — 0.7370; TP2 — 0.7340.

Reason: narrow bullish Ichimoku Cloud, falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with falling lines; the prices are under the Cloud and bounced from Senkou Span B.

03-audusdh4.png

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