AUD/USD Trading Analysis (23/04/2024)

The trend is descending. The upward truncated wave structure finished with the breach of the sloping channel. There is bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator shows the overbought state.

Trading idea:

Sell at the formation of the downward wave structure.

Stop-Loss at 0.6466.

Target price levels at 0.6420 and 0.6366.

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