Greatest sell-off of Australian Dollar
The decision of the Australian central bank pressed the aussie down. How to trade it now?
AUD/USD: bulls counterattack
2019-11-11 • Updated
Recommendation:
BUY 0.7850
SL 0.7795
TP1 0.7905 TP2 0.8 TP3 0.8095
On the daily chart of AUD/USD, convergence area of 0.7740-0.7760 became a very hard obstacle for bears. Bulls managed to lead the pair above 50% of the last bullish wave and want to continue the uptrend.
On H1, AUD/USD reached the targets of “Three Indians” and 1-2-3. If Aussie quits the descending trend channel, the risks of decline to 88.6% and 161.8% of “Bat” and “Crab” will increase.
Similar
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.
AUD/USD: a positive prospect
AUD/USD formed an inverted "Head and Shoulders’ and is targeting 0.7815, 0.7840, and 0.7860.
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