The decision of the Australian central bank pressed the aussie down. How to trade it now?
AUD/USD: aussie on Cloud
2019-11-11 • Updated
Technical levels: support – 0.7530, 0.7590; resistance – 0.7620, 0.7660
- Buy — 0.7630; SL — 0.7610; TP1 — 0.7690; TP2 — 0.7730.
- Sell — 0.7600; SL — 0.7620; TP1 — 0.7530; TP2 — 0.7510.
Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; a market testing the Cloud’s support.
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