19.08.2020
The currency pair is trading at the upper bound of the descending price channel. An ascending truncated H2 level pattern has formed. Awesome Oscillator indicates a bearish divergence, while Stochastic Oscillator indicates an overbought condition.
AUDCHF rate online: monitor the price movement 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.
Stop Loss: beyond the local maximum of the H2 level pattern.
Target levels: 0.6506; 0.6450.
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