05.06.2020
The currency pair is trading in the range of 365 and 135 moving averages. A bullish divergence has formed on Awesome Oscillator, while Stochastic Oscillator signals oversoldness. A breakout of 1.0770 will result in the formation of an ascending pattern of 1-2-3.
Trading reccomendations:
Buy above 1.0770.
Stop loss: 1.0718.
Target levels: 1.0820; 1.0880.
When the price reaches the support level of 1.0718, cancel the trading plan.
The AUDNZD rate online: monitor the movement of the pair in real time.
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