The decision of the Australian central bank pressed the aussie down. How to trade it now?
AUD/USD: The Bulls continue battle
2019-11-11 • Updated
Technical levels: support – 0.7400; resistance – 0.7420/40
- Sell — 0.7390; SL — 0.7410; TP1 — 0.7330; TP2 — 0.7310.
Reason: narrow bullish Ichimoku Cloud with falling Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen, horizontal lines; the prices are under the Cloud’s resistance.
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