The decision of the Australian central bank pressed the aussie down. How to trade it now?
AUD/USD: aussie is overbought
2019-11-11 • Updated
Technical levels: support – 0.7130; resistance – 0.7230.
- Sell — 0.7230; SL — 0.7250; TP1 — 0.7150; TP2 — 0.7130.
Reason: bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the prices are in positive area, but the market is overbought.
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