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GBP/AUD currency pair analysis

14.04.2022

Market Review


The general trend is descendant. The ascendant wave structures are truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.

Watch GBP/AUD online

Trading idea:

Sell when the descendant wave structure forms, where the wave (A) breaches through the pivot 2 of the wave С (1.7574).

Stop-loss is over the structure’s local maximum.

Target levels: 1.7405; 1.7183.

Author: GC
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