28.03.2022
The general trend is ascendant. The descendant inner wave structure is truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions. The currency pair is traded between 365 and 135 moving averages.
Watch NZD/CAD online
Trade idea:
Buy when the ascendant wave structure forms, where the wave (A) breaches through the pivot 2 of the wave C of the descendant wave structure (0.8691).
Stop-loss is below the local minimum of the descendant structure.
Target levels: 0.8750; 0.8780.
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