AUD/USD: aussie will continue downtrend

AUD/USD: aussie will continue downtrend

2019-11-11 • Updated

Technical levels: support – 0.7600; resistance – 0.7630

Trade recommendations:

  1. Sell — 0.7590; SL — 0.7610; TP1 — 0.7530; TP2 — 0.7500.

Reason: narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices tested the Cloud’s upper border and can’t breakout it to positive area.

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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