AUD/CAD currency pair analysis

The general trend is descendant. The ascendant wave structure is truncated at the moment. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions. 

Trade idea: 

Sell when the descendant wave structure forms, where a wave (A) breaches through the inclined channel of the ascendant truncated structure. 

Stop-loss is beyond the local maximum of the ascendant structure. 

Target levels: 0.9008; 0.8915.