The overall movement is upward. The pair is trading in the range of 135 and 365 moving averages directed upwards. Stochastic Oscillator indicator shows oversoldness.
Trading recommendations:
Buy as the ascending structure is forming, where the AU wave breaks the inclined channel of the H1 level descending structure, completing it.
Stop Loss-1.6237 or under the local minimum.
Target levels – 1.6366; 1.6480.