The decision of the Australian central bank pressed the aussie down. How to trade it now?
AUD/USD: aussie keep staying in Cloud
2019-11-11 • Updated
Technical levels: support – 0.7370, 0.7420; resistance – 0.7470.
- Buy — 0.7420; SL — 0.7400; TP1 — 0.7470.
- Sell — 0.7470; SL — 0.7490; TP1 — 0.7380; TP2 — 0.7340.
Reason: narrowing bearish Ichimoku Cloud, rising Senkou Span A and horizontal Senkou Span B; a new golden cross of Tenkan-sen and Kijun-sen with rising Kijun-sen; the prices are supported by Tenkan-Sen.
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