Greatest sell-off of Australian Dollar
The decision of the Australian central bank pressed the aussie down. How to trade it now?
AUD/USD: aussie keep staying inside Cloud
2022-04-15 • Updated
Technical levels: support – 0.7880; resistance – 0.7980
Trade recommendations:
- Sell — 0.7900; SL — 0.7920; TP1 — 0.7820; TP2 — 0.7770.
- Buy — 0.7920; SL — 0.7900; TP1 — 0.7980; TP2 — 0.8020.
Reason: narrow bearish Ichimoku Cloud with falling Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, but the narrowing channel Tenkan-Kijun; the prices keeps staying inside a Cloud and the channel Tenkan-Kijun.
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