The decision of the Australian central bank pressed the aussie down. How to trade it now?
AUD/USD: aussie testing Cloud’s support
2019-11-11 • Updated
Technical levels: support – 0.7330, 0.7390; resistance – 0.7420
- Sell — 0.7420; SL — 0.7440; TP1 — 0.7330; TP2 — 0.7300.
Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a weak golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are corrected to bottom border of the Cloud.
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