Currency pair analysis EUR/AUD

The overall trend is ascending. The descending wave patterns are truncated. The currency pair is traded in the range of the lower bound of the ascending price channel. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold conditions.

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

Trading idea:

Buy when the ascending wave pattern is formed, where the wave (A) breaches the inclined channel of the descending truncated pattern.

Stop loss is under the local minimum of the descending pattern.

Target levels – 1.5905; 1.6170.