AUD/USD: aussie under SSB’s resistance

AUD/USD: aussie under SSB’s resistance

2019-11-11 • Updated

Technical levels: support – 0.7690; resistance – 0.7780

Trade recommendations:

  1. Sell — 0.7760; SL — 0.7780; TP1 — 0.7690; TP2 — 0.7660.
  2. Buy — 0.7780; SL — 0.7760; TP1 — 0.7840; TP2 — 0.7880.

Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, but narrow channel Tenkan-Kijun; the bulls can’t breakout the Senkou Span B’s resistance.

03-audusdh4.png

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AUD/USD  is looking badly
AUD/USD is looking badly

AUD/USD began the week slightly higher reaching as high as 0.7725 before declining earlier today to 0.7690’s.

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