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AUD/USD Trading Analysis (12/08/2024)

12.08.2024

The trend is descending. The currency pair is trading in the range between 365 and 135 ЕМА. The ascending truncated wave structure finished with the breach of the sloping channel. There is a bearish divergence on the Awesome Oscillator.

Trading idea:

Buy at the breach of 0.6564.
Stop-loss at 0.6606.
Price targets at 0.6520 and 0.6480.

#audusd #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor

Author: GC

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