years on the market

AUDUSD analysis

AUDUSD

The currency pair is trading in the range of the upper limit of the descending price channel. The ascending wave pattern of the H2 level is truncated. Awesome Oscillator shows a bearish divergence. The inclined channel of the ascending pattern is broken.

Trading idea:

Sell when a descending pattern is formed.

Stop Loss:  0.7775.

Target levels: 0.7700; 0.7680.

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