AUDUSD analysis 23.10.2020

AUDUSD
The currency pair is trading in the range of 365 and 135 moving averages directed down. The ascending pattern is truncated. Awesome Oscillator indicates a bearish divergence. The inclined channel of the ascending truncated pattern is broken by the assumed wave (A). A breakout of the top of the descending wave A will result in the formation of a descending pattern.
AUDUSD rate online: monitor the price movement in real time.

Trading recommendations:

Sell below 0.7101.

Stop Loss: 0.7139.

Target levels: 0.7021; 0.6967.

At the one-to-one ratio, move the stop order to breakeven.