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AUDUSD analysis 17.11.2020

AUDUSD

The ascending pattern is truncated. The 0.7340 resistance level is holding back buyers. A bearish divergence is forming on Awesome Oscillator.

AUDUSD 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 truncated pattern.

Stop Loss: beyond the resistance level 0.7340.

Target levels: 0.7220; 0.7156; 0.7000.

Author: admin
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