AUDUSD analysis 12.17.2019

The general trend is upward. The pair is trading in the range of 365 and 135 moving averages. A downward level H1 structure has formed, which is currently truncated. A Bullish divergence has formed on Awesome Oscillator.

Trading recommendations:

Buy while an ascending wave pattern is forming, where the wave (AC) breaks through the inclined channel of the descending pattern of the H1 level, thereby completing it. Buy the top (AC)is breached.

Stop Loss for the round intermediate level of 0.6850.

Target levels - 0.6920 (round minor level – close ½ of the order and transfer to breakeven); 0.6980.