The decision of the Australian central bank pressed the aussie down. How to trade it now?
AUD/USD: aussie under Kijun’s resistance
2019-11-11 • Updated
Technical levels: support – 0.7040; resistance – 0.7100, 0.7150
- Sell — 0.7100; SL — 0.7120; TP1 — 0.7040; TP2 — 0.7010.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the prices are in negative area and corrected to Kijun’s resistance, downtrend may continue.
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