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NZD/JPY currency pair analysis

24.06.2022

Market Review

The general trend is ascendant. The currency pair is traded between 365 and 135 moving averages. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions. The inclined channel of the descendant structure is breached.

Trading idea:

Buy when level 85.080 is breached.

Stop-loss: 84.270.

Target levels: 85.80; 86.50.

Author: GC
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