The decision of the Australian central bank pressed the aussie down. How to trade it now?
AUD/USD: aussie under SSB’s resistance
2019-11-11 • Updated
Technical levels: support – 0.7690; resistance – 0.7780
- Sell — 0.7760; SL — 0.7780; TP1 — 0.7690; TP2 — 0.7660.
- 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.
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