NZD/CAD Analysis, Chart, and Trading Idea

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

Bears are testing the lower border of the accumulation area on the 1D timeframe. The 'Boguraev's Matryoshka' reverse wave model has formed. The downward truncated wave structure finished with the breach of the sloping channel. 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 ascending wave structure

Stop-loss: 0.8387.

Target price levels: 0.8450, 0.8540