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AUDCAD analysis 22.04.2020

AUDCAD

The 0.9000 resistance level is holding back buyers. A bearish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals overboughtness. An ascending truncated H4 level pattern has formed.

Trading recommendations:

Sell while the descending pattern is forming, where the wave (A) breaks through the inclined channel of the ascending pattern, completing it.

Stop loss for the local maximum (0.9000).

Target levels: 0.8800; 0.8680; 0.8480.

The AUDCAD rate online: monitor the movement of the pair in real-time.

The AUDCAD rate online: monitor the movement of the pair in real-time.

Author: admin
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