AUD/NZD Analysis, Chart, and Trading Idea

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

The trend is descending. The currency pair is traded in the range between 365 and 135 ЕМА. The ascending wave structure is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.
 

Trading idea:

Buy at the formation of the downward wave structure, where the (A) wave breaches the sloping channel of the ascending truncated structure

Stop-loss: 1.0690

Target price levels: 1.0636; 1.0590