Here we go again, my friends. It’s time to look critically into the future of what trading opportunities September might have in store for us. As always, it is essential to note that the views expressed here are mine and should not be considered financial advice without proper examination.
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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