AUD/USD: aussie will test upper border of Cloud

AUD/USD: aussie will test upper border of Cloud

2019-11-11 • Updated

Technical levels: support – 0.7560; resistance – 0.7630

Trade recommendations:

  1. Sell — 0.7630; SL — 0.7650; TP1 — 0.7560; TP2 — 0.7530.

Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen, rising Tenkan-sen; the prices are entered into the Cloud.

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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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