The decision of the Australian central bank pressed the aussie down. How to trade it now?
AUD/USD: aussie returned to May’s lows
2019-11-11 • Updated
Technical levels: support – 0.7420; resistance – 0.7490
- Sell — 0.7490; SL — 0.7510; TP1 — 0.7420; TP2 — 0.7370.
Reason: bearish Ichimoku Cloud with falling Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen, but horizontal Tenkan-sen and Kijun-sen; the prices are returned to lows of May, but market is oversold now.
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