The decision of the Australian central bank pressed the aussie down. How to trade it now?
AUD/USD: aussie made new lows
2019-11-11 • Updated
Technical levels: support – 0.7610; resistance – 0.7690
- Sell — 0.7690; SL — 0.7710; TP1 — 0.7610; TP2 — 0.7580.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen under the Cloud with the falling lines; the market made a new lows of the year and in correction movement to Tenkan-sen and Kijun-sen.
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