The decision of the Australian central bank pressed the aussie down. How to trade it now?
AUD/USD: aussie going to SSB
2019-11-11 • Updated
Technical levels: support – 0.7860; resistance – 0.7915, 0.7955
- Buy — 0.7880; SL — 0.7860; TP1 — 0.7915; TP2 — 0.7955.
Reason: narrowing bearish Ichimoku Cloud, rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, rising Tenkan-sen and Kijun-sen; the prices are on the strong support, but the market is overbought.
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