The trend is downward. The currency pair is trading in the range of 365 and 135 moving averages. The ascending H4 level pattern is truncated. Awesome Oscillator shows a bearish divergence, while Stochastic Oscillator indicates an overbought condition.
AUDUSD rate online: monitor the price movement in real time.
Trading idea:
Sell when a descending wave pattern is formed, where the wave (A) breaks through the inclined channel of the ascending truncated pattern.
The stop loss under the level of 123.6% of the AN4—0.7690.
Target levels: 0.7535; 0.7460.