02.09.2022
The NZD index tested the support level of 60.58, and the dollar index tested the level of 109.80, which was formed exactly 20 years ago — September 2, 2002.
The currency pair's descending wave structures are truncated. The Awesome Oscillator indicator has a bullish divergence, and the Stochastic Oscillator indicator signals oversold.
Trading idea:
Buy after the 4-hour candle closes above 0.6120 (level of last impulse candle, circular minor, and return above support level).
Stop-loss: 0.6050.
Target levels: 0.6120; 0.6197.
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