27.10.2020
An H2 level ascending pattern is truncated. The currency pair is trading in the range of 365 and 135 moving averages. A bullish divergence has formed on Awesome Oscillator, while Stochastic Oscillator signals an overbought condition.
AUDCAD rate online: monitor the price movement in real time.
Trading recommendations:
Sell when a descending wave pattern is formed, where the wave (A) breaks through the inclined channel of the ascending pattern, completing it.
Stop Loss: beyond the local maximum.
Target levels: 0.9334; 0.9250.
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