Greatest sell-off of Australian Dollar
The decision of the Australian central bank pressed the aussie down. How to trade it now?
AUD/USD: the Bears testing SSA’a support
2019-11-11 • Updated
Technical levels: support – 0.7080; resistance – 0.7150, 0.7175
Trade recommendations:
- Sell — 0.7120; SL — 0.7150; TP1 — 0.7080; TP2 — 0.7010.
Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a weak golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are on the support of Senkou Span A but the Bears could continue existing downtrend.
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