The decision of the Australian central bank pressed the aussie down. How to trade it now?
AUD/USD: aussie had continue downtrend
2019-11-11 • Updated
Technical levels: support – 0.7690; resistance – 0.7790
- Buy — 0.7690; SL — 0.7670; TP1 — 0.7760; TP2 — 0.7790.
Reason: bearish Ichimoku Cloud with falling Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen with the falling lines; the market made a new lows of the year, but there is a strong support on 0.7690.
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