The decision of the Australian central bank pressed the aussie down. How to trade it now?
AUD/USD: aussie in consolidation
2019-11-11 • Updated
Technical levels: support – 0.7690; resistance – 0.7730, 0.7780
- Sell — 0.7730; SL — 0.7750; TP1 — 0.7610; TP2 — 0.7580.
Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen with the horizontal lines; the market had returned to negative area.
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