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AUD/NZD currency pair analysis

24.02.2022

Market Review

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

Watch AUD/NZD online

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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