01.04.2020
The overall trend is downward. The 0.6210 resistance level is holding back buyers. The ascending H4 level pattern ended with a breakout of the inclined channel. Awesome Oscillator shows bearish divergence, while Stochastic Oscillator signals overboughtness. Breaking through the support level of 0.6080 will result in the formation of a descending pattern within the C wave of the overall downtrend.
Trading recommendations:
Sell below 0.6080 (while a descending wave pattern is forming).
A stop loss of 0.6210.
Target levels: 0.5867; 0.5720; 0.5520.
The AUDUSD rate online: monitor the movement of the pair in real time.
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