The decision of the Australian central bank pressed the aussie down. How to trade it now?
AUD/USD: expected correction to Kijun
2019-11-11 • Updated
Technical levels: support – 0.7620; resistance – 0.7680
- Sell — 0.7670; SL — 0.7690; TP1 — 0.7620; TP2 — 0.7600.
Reason: narrowing bearish Ichimoku Cloud with falling Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, but the narrowing channel of Tenkan-Kijun; the market is under strong resistance of 0.7680.
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