The decision of the Australian central bank pressed the aussie down. How to trade it now?
AUD/USD: bears ready to continue sales
2019-11-11 • Updated
Technical levels: support – 0.7370, 0.7400/10; resistance – 0.7440.
- Sell — 0.7440; SL — 0.7460; TP1 — 0.7370; TP2 — 0.7340.
Reason: narrow bullish Ichimoku Cloud, falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the prices are under the Cloud.
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