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 in cloudy area
2019-11-11 • Updated
Technical levels: support – 0.7200; resistance – 0.7270.
Trade recommendations:
- Buy — 0.7200; SL — 0.7180; TP1 — 0.7270; TP2 — 0.7300.
Reason: bullish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are inside a Cloud now, but supported by Kijun-sen.
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