Currency pair analysis AUD/USD

The currency pair is traded at the lower edge of the ascending price channel. The descending wave pattern of the H1 level is truncated. There is a bullish divergence on the Awesome Oscillator, and the moving averages of the Stochastic Oscillator have left the oversold area.

AUD/USD rate online: monitor the price movement in real time.

Trading idea:

Buy when the ascending wave pattern is formed, where the wave (A) breached the inclined channel of the descending truncated pattern.

Stop Loss is below the local minimum of the descending pattern (0.7178).

Target levels: 0.7275; 0.7313.

Author: GC
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