Currency pair analysis for today, October 4th: EURNZD
The currency pair trades in a range of 365 and 135 moving averages. The Stochastic Oscillator signals oversold conditions, and a bullish divergence has formed on the Awesome Oscillator. The likely entry point is on the rollback B.
EURNZD rate online: monitor the price movement in real time.
Trading idea:
Buy when an ascending wave pattern is formed, where the wave (A) breaks through the pivot of the second wave C of the descending pattern (1.6740).
Stop Loss under the intermediate level 1.6650.
Target levels: 1.6900; 1.6950.
