AUD/NZD Trading Analysis (23/06/2023)

The trend is upwards. The currency pair is traded in the range between 365 and 135 ЕМА. The downward wave structure is truncated. There is bullish divergence on the Awesome Oscillator.
 

Trading idea:

Buy at the formation of the ascending wave structure, where the A-wave breaches the sloping channel of the downtrend truncated structure.

Stop-Loss: under the local minimum of the downtrend structure - 1.0896.

Target price levels: 1.0980, 1.1050.

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