AUD/NZD currency pair analysis

The resistance level of 1.1257 curbs the buyers. The ascending wave patterns are truncated. Awesome Oscillator indicator shows bearish divergence.

Trade idea:

Sell on the formation of a downtrending wave structure where wave (A) breaks the inclined channel of the ascending truncated structure.

Stop Loss behind the resistance level of 1.1257.

Target levels: 1.1206; 1.1127.