The decision of the Australian central bank pressed the aussie down. How to trade it now?
AUD/USD: aussie under strong resistance
2019-11-11 • Updated
Technical levels: support – 0.7830; resistance – 0.7880
- Sell — 0.7880; SL — 0.7900; TP1 — 0.7830; TP2 — 0.7780.
Reason: bullish Ichimoku Cloud with horizontal Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, but the narrowing channel of Tenkan-Kijun; the market is under strong main resistance of 0.7880.
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