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AUDCHF analysis 03.12.2020

AUDCHF

The overall trend is upward. A bullish divergence has formed on Awesome Oscillator. The currency pair is in the range of 5 and 22 moving averages on the D1 timeframe. The corrective movement of the wave (B) will drive up the wave level of the ascending pattern.

AUDCHF rate online: monitor the price movement in real time.

Trading recommendations:

Buy when the high is breached, after a correction that breaks through the inclined channel of the red pattern, which will drive up the wave level.

Stop Loss: 0.6590.

The target is 0.6712.

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