AUD/USD Trading Analysis (19/05/2025)
The trend is ascending. The currency pair is trading in the range between 365 and 135 ЕМАs. The descending truncated wave structure finished with he breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition.
Trade idea:
- Buy on the formation of the ascending wave structure, when wave A breaks the sloping channel of the descending truncated structure.
- Stop-losss at 6387.
- Price targets at 0.6457 and 0.6500.
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