Greatest sell-off of Australian Dollar
The decision of the Australian central bank pressed the aussie down. How to trade it now?
AUD/USD: bears in game
2019-11-11 • Updated
Technical levels: support – 0.7280, 0.7220; resistance – 0.7330
Trade recommendations:
- Sell — 0.7330; SL — 0.7350; TP1 — 0.7280; TP2 — 0.7220.
Reason: narrow bearish Ichimoku Cloud with falling Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen but narrowing channel Tenkan-Kijun; the prices returned inside a Cloud and may continue downtrend.
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