Currency pair analysis: AUD/USD
The overall trend is upward. The descending wave patterns are truncated. A bullish divergence has formed on the Awesome Oscillator, while the Stochastic Oscillator signals oversold conditions.
AUD/USD 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 pivot 2 of the wave C (0.7383).
Stop Loss: below the local minimum of the descending pattern.
Target levels: 0.7470; 0.7550.
