The decision of the Australian central bank pressed the aussie down. How to trade it now?
AUD/USD: market is oversold
2019-11-11 • Updated
Technical levels: support – 0.7690; resistance – 0.7740, 0.7780
- Buy — 0.7700; SL — 0.7680; TP1 — 0.7740; TP2 — 0.7780.
Reason: bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the market is oversold and aussie may go to Tenkan-sen in correctional movement.
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