06.10.2020
NZDUSD
The overall trend is downward, as indicated by the 365 and 135 EMA. A double top pattern has formed, confirmed by an extended divergence on Awesome Oscillator. Moving averages of Stochastic Oscillator are located in the overbought zone.
NZDUSD rate online: monitor the price movement in real time.
Trading recommendations:
Buy when a descending wave pattern is formed, where the wave (aС) breaks through the inclined channel of the ascending wave H2 level pattern.
Stop Loss: beyond the resistance level 0.6657.
Target levels: 0.6570; 0.6512.
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