The decision of the Australian central bank pressed the aussie down. How to trade it now?
AUD/USD: bulls have lost a game
2019-11-11 • Updated
Technical levels: support – 0.7500; resistance – 0.7565.
1. Sell — 0.7560; SL — 0.7580; TP1 — 0.7500; TP2 — 0.7470.
Reason: narrow bearish Ichimoku Cloud, Senkou Span A and B are horizontal; a cancelled golden cross of Tenkan-sen and Kijun-sen, the lines are horizontal; the prices are on the support of the bottom Cloud’s border.
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