30.03.2023
Analytics for NZD/USD Forex pair, based on complex analysis of modified waves, Fibonacci levels and price channels
The currency pair is traded in the range between 365 and 135 ЕМА. The downtrend truncated wave structure finished with the breach of the sloping channel. The Stochastic Oscillator signals the oversold state. The 'Key Reversal' pattern has formed on the H4 timeframe.
Trading idea:
Buy at the formation of the upward wave structure;
Stop-loss: 0.6200;
Target price levels: 0.6270, 0.6304.
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