The decision of the Australian central bank pressed the aussie down. How to trade it now?
AUD/USD: aussie supported by Kijun-sen
2019-11-11 • Updated
Technical levels: support – 0.7180, 0.7240; resistance – 0.7270.
- Sell — 0.7260; SL — 0.7280; TP1 — 0.7200; TP2 — 0.7180.
Reason: bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices returned to the support of Kijun-sen but may continue correctional movement to Cloud.
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