Currency pair analysis: AUD/CHF
The overall trend is upward. The descending wave pattern of the H4 level is truncated. A bullish divergence has formed on the Awesome Oscillator, while the Stochastic Oscillator signals oversold conditions. The support level 0.6700 holds back the sellers.
AUD/CHF rate online: monitor the price movement in real time.
Trading idea:
Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of the truncated descending pattern.
Stop Loss: below the support level of 0.6700.
Target levels: 0.6820; 0.6929.
