The decision of the Australian central bank pressed the aussie down. How to trade it now?
AUD/USD: aussie supported by Cloud
2019-11-11 • Updated
Technical levels: support – 0.7600; resistance – 0.7650, 0.7690.
- Buy — 0.7620; SL — 0.7600; TP1 — 0.7690; TP2 — 0.7730.
Reason: narrow bullish Ichimoku Cloud with rising Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen, horizontal Tenkan-sen and Kijun-sen; the prices supported by Senkou Span A and the market may go higher.
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