AUD/USD Analysis, Chart, and Trading Idea

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

The support level of 0.6628 curbs the buyers. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator indicates the oversold state.
 

Trading idea:

Buy at the formation of the ascending structure, where the (A) wave breaches the sloping channel of the downward truncated structure.

Stop-Loss: 0.6628

Target price levels: 0.6700, 0.6750