12.05.2020
The general trend is upward. The currency pair is trading in the range of 365 and 135 moving averages directed upwards. The presumptive corrective pattern (level H1) culminated by breaking through the inclined channel. A break of 0.6483 will result in the formation of an upward wave pattern within the framework of a general uptrend. Stochastic Oscillator indicates oversoldness.
Trading recommendations:
Buy above 0.6483.
Stop loss: 0.6430.
Target levels: 0.6557; 0.6618.
The AUDUSD rate online: monitor the movement of the pair in real time.
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