The decision of the Australian central bank pressed the aussie down. How to trade it now?
AUD/USD: breakdown of SSA
2019-11-11 • Updated
Technical levels: support – 0.7850, 0.7810; resistance – 0.7880.
- Buy — 0.7850; SL — 0.7830; TP1 — 0.7935; TP3 — 0.7980.
Reason: bearish Ichimoku Cloud with falling Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen; the prices are entered to negative area, but there is a strong support on the daily timeframe.
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