29.06.2020
Analysis based on round-number levels, price channels and modified Elliot Waves
The overall trend is upward. The descending H2 level pattern is truncated. An assumed wave (A) has broken through an inclined channel of the descending pattern. Awesome Oscillator shows a bullish divergence. If the price breaks through 0.6436, an ascending wave pattern will form as part of the overall uptrend.
NZDUSD rate online: monitor the price movement in real time.
Trading recommendations:
Buy above 0.6436.
Stop Loss: 0.6394.
Target levels: 0.6506; 0.6570.
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