The decision of the Australian central bank pressed the aussie down. How to trade it now?
AUD/USD: new 2Y-lows
2019-11-11 • Updated
Technical levels: support – 0.7090; resistance – 0.7140
- Sell — 0.7140; SL — 0.7160; TP1 — 0.7090; TP2 — 0.7050.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen but narrow channel of Tenkan-Kijun; the market is made the new lows since 2017 and may go lowers.
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