AUD/USD: aussie had continue downtrend

AUD/USD: aussie had continue downtrend

2019-11-11 • Updated

Technical levels: support – 0.7690; resistance – 0.7790

Trade recommendations:

  1. 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.

03-audusdh4.png

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