The decision of the Australian central bank pressed the aussie down. How to trade it now?
AUD/USD: aussie is oversold
2019-11-11 • Updated
Technical levels: support – 0.7830; resistance – 0.7900, 0.7940.
- Buy — 0.7830; SL — 0.7810; TP1 — 0.7900; TP3 — 0.7870.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen; the prices are in the oversold area; strong support on 0.7830.
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