The decision of the Australian central bank pressed the aussie down. How to trade it now?
AUD/USD: aussie tested Cloud’s resistance
2019-11-11 • Updated
Technical levels: support – 0.7450, 0.7490; resistance – 0.7530, 0.7570
- Sell — 0.7510; SL — 0.7530; TP1 — 0.7450; TP2 — 0.7420.
Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a correctional golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the Bulls tested a Cloud’s resistance, but haven’t strength yet.
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