AUDCAD analysis 18.08.2020
The overall trend is downward. The currency pair is trading in the range of 365 and 135 moving averages. An ascending truncated pattern has formed. Awesome Oscillator indicates a bearish divergence, while Stochastic Oscillator indicates an overbought condition. A breakout of 0.9514 will result in the formation of a descending wave pattern within the overall downtrend.
AUDCAD rate online: monitor the price movement in real time.
Trading recommendations:
Sell below 0.9514.
Stop Loss: 0.9550.
Target levels: 0.9472; 0.9438.
