The decision of the Australian central bank pressed the aussie down. How to trade it now?
AUD/USD: bears made new local lows
2019-11-11 • Updated
Technical levels: support – 0.7450, 0.7425; resistance – 0.7500.
1. Sell — 0.7500; SL — 0.7520; TP1 — 0.7450; TP2 — 0.7425.
Reason: expanding bearish Ichimoku Cloud, falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen; the prices are near daily support.
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