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AUDUSD Analysis 13.09.2019

The overall movement of the currency pair is downward. The ascending design of the N4 level tested 50% of the descending design. The ascending construction is truncated, and the Bearish divergence formed on the Awesome Oscillator. The inclined channel of the ascending structure is punched. A descending construction is formed on the N1 level.

Trading recommendations:

Sell on the break of 0.6857.

Stop Loss –  0.6894.

Target levels – 0.6820 (moving averages zone – partial profit taking and moving to breakeven); 0.6750; 0.6700.

Author: admin
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