AUD/USD: new lows of 2018

AUD/USD: new lows of 2018

2019-11-11 • Updated

Technical levels: support – 0.7590, 0.7530; resistance – 0.7640

Trade recommendations:

  1. Sell — 0.7640; SL — 0.7660; TP1 — 0.7590; TP2 — 0.7530.

Reason: bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen; the market is on the new lows of the year, but oversold now.

03-audusdh4.png

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