years on the market

AUDNZD analysis

AUDNZD

The overall trend is downward. The ascending wave pattern of the M30 level is currently truncated. Awesome Oscillator shows a bearish divergence, while Stochastic Oscillator signals overbought conditions.

Trading idea:

Sell when a descending wave pattern is formed, where the wave (A) breaks through the inclined channel of the ascending truncated pattern.

Stop loss for the local maximum of the ascending pattern.

Target levels: 1.0740; 1.0721.

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