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AUD/NZD Analysis, Chart, and Trading Idea

27.04.2023

Market Review

Analytics for AUD/NZD Forex pair, based on complex analysis of modified waves, Fibonacci levels and price channels
 



The trend is ascending. The currency pair is traded in the range between 365 and 135 ЕМА. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator.
 



Trading idea:

Buy at the formation of the ascending structure, where the A-wave breaches the sloping channel of the downtrend truncated structure

Stop-loss under the local minimum of 1.0763

Target price levels: 1.0850, 1.0924

Author: GC
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