Currency pair analysis AUD/NZD

The ascending wave pattern of the H1 level is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought conditions. The breach of 1.0524 level will form the descending wave pattern, where the wave (A) breaks the inclined channel of the ascending truncated pattern.

AUD/NZD rate online: monitor the price movement in real time.

Trading idea:

Sell when 1.0524 is breached.

Stop loss is over the local maximum — 1.0565.

Target levels — 1.0480; 1.0380.