The decision of the Australian central bank pressed the aussie down. How to trade it now?
AUD/USD: aussie in correction to Cloud
2019-11-11 • Updated
Technical levels: support – 0.7220; resistance – 0.7280, 0.7330
- Sell — 0.7330; SL — 0.7350; TP1 — 0.7280; TP2 — 0.7220.
Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices returned to support of Tenkan-sen and Kijun-sen and may test the resistance of the Cloud.
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