AUD/USD: aussie will continue downtrend

AUD/USD: aussie will continue downtrend

2019-11-11 • Updated

Technical levels: support – 0.7770; resistance – 0.7840

Trade recommendations:

  1. Sell — 0.7820; SL — 0.7840; TP1 — 0.7770; TP2 — 0.7730.

Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling lines; the market had corrected to Tenkan-sen and ready to continue the main trend.

03-audusdh4.png

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