Greatest sell-off of Australian Dollar
The decision of the Australian central bank pressed the aussie down. How to trade it now?
AUD/USD: aussie going lower
2019-11-11 • Updated
Technical levels: support – 0.7370; resistance – 0.7440.
Trade recommendations:
- 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.
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