11.08.2020
The overall trend is upward. The descending (red) wave pattern is truncated and has ended with the breakout of an inclined channel. A breakout of the resistance level of 0.7185 will result in the formation of an ascending wave pattern within the overall uptrend. Awesome Oscillator indicates a bullish divergence, while Stochastic Oscillator shows an exit from the oversold zone.
AUDUSD rate online: monitor the price movement in real time.
Trading recommendations:
Buy at 0.7185.
Stop Loss: 0.7140.
Target levels: 0.7238; 0.7320.
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