The decision of the Australian central bank pressed the aussie down. How to trade it now?
AUD/USD: the bulls are in panic
2019-11-11 • Updated
Technical levels: support – 0.7650; resistance – 0.7700
- Sell — 0.7700; SL — 0.7720; TP1 — 0.7630; TP2 — 0.7590.
Reason: extremely narrowing bullish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen; the market is under the Cloud, but it’s oversold right now – waiting for the correction.
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