AUDUSD analysis 09.07.2020
The currency pair is trading in the upper flat range. The main H4 level pattern is truncated and the subwaves of the wave C (ascending H2 level pattern) currently have a truncated wave C. The formation of a reversal wave model is likely. A bearish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals overboughtness.
AUDUSD rate online: monitor the movement of the pair in real time.
Trading recommendations:
Sell strictly when a descending wave pattern is formed, where the wave (A) breaks through the inclined channel of the ascending H2 level pattern.
