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NZDCHF analysis

16.08.2021

Market Review

NZDCHF
The currency pair is trading in the range of 135 and 365 moving averages. The trend is upward. Awesome Oscillator shows a bullish divergence, and Stochastic Oscillator signals oversold conditions.

NZDCHF 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 inclined channel of the descending pattern.
Stop Loss under the local minimum of the descending pattern.
Target levels: 0.6500 (trap for Pros); 0.6545.

Author: GC
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