AUD/NZD Trading Analysis (21/02/2025)
The trend is ascending. The decending wave structure is truncated. The currency pair is traded in the range between 365 and 135 ЕМАs. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold conditions.
Trade idea:
- Buy at the beginning of the formation of the ascending wave structure, when wave A breaks the sloping channel of the descending truncated structure.
- Stop-loss below the local minimum of the descending truncated structure at 1.1087.
- Price targets at 1.1133 and 1.1168.
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