AUD/NZD Analysis, Chart, and Trading Idea
Analytics for AUD/NZD Forex pair, based on complex analysis of modified waves, Fibonacci levels and price channels
The trend is ascending. The currency pair is traded in the range between 365 and 135 ЕМА. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator.
Buy at the formation of the ascending structure, where the A-wave breaches the sloping channel of the downtrend truncated structure
Stop-loss under the local minimum of 1.0763
Target price levels: 1.0850, 1.0924