The decision of the Australian central bank pressed the aussie down. How to trade it now?
AUD/USD: the Bulls feel good
2019-11-11 • Updated
Technical levels: support – 0.7370, 0.7330; resistance – 0.7390
- Buy — 0.7440; SL — 0.7420; TP1 — 0.7490.
- Sell — 0.7490; SL — 0.7510; TP1 — 0.7420; TP2 — 0.7390.
Reason: bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, but narrowing channel Tenkan-Kijun; the prices are in positive zone and going to main daily resistance 0.7490.
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