The decision of the Australian central bank pressed the aussie down. How to trade it now?
AUD/USD: aussie looks weak
2019-11-11 • Updated
Technical levels: support – 0.7160, 0.7090; resistance – 0.7190
- Sell — 0.7180; SL — 0.7200; TP1 — 0.7120; TP2 — 0.7090.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Kijun-sen; the market is on the strong support but the Bears may breaks down it for the new lows.
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