AUD/CHF currency pair analyisis
The general trend is ascendant. The currency pair is traded between 365 and 135 moving averages. Awesome Oscillator indicates bullish trend, and Stochastic Oscillator signals oversold conditions.
Trade idea:
Buy when the ascendant wave structure forms, where the wave (A) breaches through the inclined channel of the ascendant structure.
Stop-loss is below the local minimum of the descendant structure.
Target level: 0.7050 (round intermediate).
