AUD/CAD Analysis, Chart, and Trading Idea as of 30/01/2023

Analytics for AUD/CAD Forex pair, based on complex analysis of modified waves, Fibonacci levels and price channels
 

The overall trend is ascending. The pair is traded in the range between 365 and 135 ЕМА. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.

Trading idea:

Buy at the formation of the ascending wave structure, when the (A) wave breaches the sloping channel of the descending truncated structure;

Stop Loss: 0.9437;

Target price levels: 0.9500; 0.9546.