AUD/CAD currency pair analysis

The general trend is downtrending. The ascending wave structure is truncated. The Awesome Oscillator indicator has bearish divergence, and the Stochastic Oscillator indicator signals overbought.

Trading idea:

Sell on the formation of a descending wave structure, where wave (A) breaks the inclined channel of the ascending truncated structure.

Stop-loss under the local maximum of the ascending structure.

Target levels: 0.8884; 0.8751.