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AUD/NZD currency pair analysis

The general trend is ascendant. The inner descendant structure is truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.

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Buy when the ascendant wave structure forms, where a wave (A) breaches through the pivot 2 of the wave C — 1.0703.

Stop-loss under the local minimum of the descendant structure — 1.0665.

Target levels: 1.0750; 1.0790.

Author: GC
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