AUD/CAD Trading Analysis (17/06/2025)
The trend is downward. The upward wave structures are truncated. The currency pair is trading within the 365-135 EMA range. There is a bearish divergence on the Awesome Oscillator and a signal of an overbought condition on the Stochastic Oscillator.
Trade idea:
- Buy at the beginning of the formation of the descending wave structure, when the wave A breaks 0.8861 (pivot 2 of the wave С)
- Stop-losss at 0.8883.
- Price targets are 0.8832 and 0.8800.
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