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AUDUSD analysis 26.11.2019

26.11.2019

Market Review

The support level of 0.6768 holds back sellers. A bullish divergence has formed on Awesome Oscillator indicator, and Stochastic Oscillator indicator signals oversoldness. A descending truncated pattern formed on H8 level.

Trading recommendations:

Buy while an ascending wave pattern is forming, where the wave (AC) breaks through the inclined channel of the descending pattern + formation  of (bC) = buy stop order for the break through the top (aC).

Stop Loss under the support level - 0.6768.

Target levels - 0.6830; 0.6880.

Author: admin
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