AUD/CHF Trading Analysis (27/02/2024)

The trend is ascending. The downward truncated wave structure finished with the breach of the sloping channel. The currency pair is traded in the range between 365 and 135 ЕМА. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition.

Trading idea:

Buy at the breach of the ascending wave structure.

Stop-Loss at 0.5744.

Target price levels at 0.5785 and 0.5790.

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