NZDUSD analysis 18.11.2019

The currency pair is traded at the upper boundary of the descending price channel and at the upper boundary of the Ichimoku cloud. The Stochastic Oscillator indicator signals oversoldness.

Trading recommendations:

Buy strictly while the descending structure is forming, where the wave (AU) breaks through the inclined channel of the ascending structure.

A Stop Loss of 0.6420.

Target levels - 0.6358; 0.6325.