AUD/USD: breakdown of SSA

AUD/USD: breakdown of SSA

2019-11-11 • Updated

Technical levels: support – 0.7850, 0.7810; resistance – 0.7880.

Trade recommendations:

  1. Buy — 0.7850; SL — 0.7830; TP1 — 0.7935; TP3 — 0.7980.

Reason: bearish Ichimoku Cloud with falling Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen; the prices are entered to negative area, but there is a strong support on the daily timeframe.

03-audusdh4.png

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