The decision of the Australian central bank pressed the aussie down. How to trade it now?
AUD/USD: aussie testing Cloud’s resistance again
2019-11-11 • Updated
Technical levels: support – 0.7440; resistance – 0.7470.
- Sell — 0.7420; SL — 0.7440; TP1 — 0.7370; TP2 — 0.7340.
Reason: narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the prices are returned to the Cloud and breakout Senkou Span B.
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