Currency pair analysis for today, October 12th: AUDCAD

AUDCAD

The overall trend is downward. The currency pair trades in the range between 365 and 135 moving averages. The ascending wave pattern of the M30 level is truncated. The Awesome Oscillator shows a bearish divergence, while the Stochastic Oscillator signals overbought conditions.

AUDCAD rate online: monitor the price movement in real time.

Trading idea:

Sell when a descending wave pattern is formed, where the wave (A) breaks through the inclined channel of the ascending truncated pattern of the level M30.

Stop Loss: above the local maximum of the truncated pattern.

Target levels: 0.9144; 0.9105.