AUDUSD analysis


Technical reviews


The currency pair is trading in the range of 365 and 135 moving averages. The descending wave patterns of the H4 and H2 levels at the moment are truncated. There is a bullish divergence on the Awesome Oscillator. 

AUDUSD rate online: monitor the price movement in real time.

Trading idea:
Buy when the ascending wave pattern is formed where the wave (A) will break through the inclined channel of the descending truncated pattern.
Stop Loss is under the local minimum.
Target levels – 0.7408; 0.7463.

Author: GC
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