AUD/USD Trading Analysis (26/02/2025)
The trend is ascending. The currency pair is trading in the range between 365 and 135 ЕМАs. The descending wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition.
Trade idea:
- Buy on the formation of the ascending wave structure, when wave A breaks the sloping channel of the descending truncated structure.
- Stop-loss below the local minimum of the descending structure at 0.6320.
- Price targets at 0.63800 and 0.64050.
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