AUD/USD Trading Analysis (26/04/2024)

The trend is descending. The currency pair is traded in the range between 365 and 135 ЕМА. The ascending wave structures are truncated. There is bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator shows the overbought state.

Trading idea:

Sell when the formation of the downward wave structure begins, when the wave A breaches the pivot 2 of the ascending wave structure at 0.6518.

Stop-Loss at the local maximum of the ascending structure.

Target price levels at 0.6483 and 0.6400.

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