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AUDUSD analysis 28.10.2019

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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