AUD/USD: aussie made new lows

AUD/USD: aussie made new lows

2019-11-11 • Updated

Technical levels: support – 0.7380, 0.7340; resistance – 0.7450.

Trade recommendations:

1. Sell — 0.7450; SL — 0.7460; TP1 — 0.7380; TP2 — 0.7340.

Reason: expanding bearish Ichimoku Cloud, falling Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the prices are on the new lows for the last four months.

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