13.05.2021
The overall trend is upward. The currency pair is trading in the range of 365 and 135 moving averages directed upwards. A bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals oversold conditions.
AUDJPY rate online: monitor the price movement in real time.
Trading idea:
Buy when the 1-2-3 pattern is formed, where wave 1 breaks through the inclined channel of the descending pattern.
Stop loss under the local minimum of the descending pattern.
Target levels: 85.45; 85.75.
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