AUDUSD analysis for today, September 29th
The descending wave patterns are truncated. A bullish divergence has formed on the Awesome Oscillator, and Stochastic Oscillator signals oversold conditions. The pivot of the second descending pattern of the H8 level is broken by a descending movement.
AUDUSD rate online: monitor the price movement in real time.
Trading idea:
Buy when an ascending wave pattern is formed.
Stop Loss under the local minimum of the descending pattern (0.7220).
Target levels: 0.7346; 0.7463.
