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 – 0.7380, 0.7340; resistance – 0.7450.
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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