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AUDUSD analysis 28.10.2019

28.10.2019

Market Review

The currency pair is trading in the range of 135 and 365 moving averages directed upwards. The downward construction of the H1 level is truncated, and a bullish divergence is formed on Awesome Oscillator indicator.

Trading recommendations:

Buy while an ascending wave pattern is forming, where the wave (A) breaks through the inclined channel of the descending structure of the level H1 and H2.

Stop loss – 0.6800.

Target levels – 0.6880; 0.6919.

Author: admin
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