EUR/NZD Trading Analysis (07/06/2023)

The trend is ascending. The Forex 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, and the Stochastic Oscillator signals the oversold state.
 

Trading idea:

Buy at the formation of the ascending wave structure, where the (A) wave breaches the sloping channel of the downward truncated structure.

Stop-Loss under the local minimum of the downward structure (1.7568).

Target price levels: 1.7682, 1.7820.

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