NZD/USD Trading Analysis (24/03/2025)
The trend is ascending. The currency pair is traded in the range between 365 and 135 ЕМАs. The descending wave structure is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator shows an overbought condition.
Trade idea:
- Buy at the beginning of the formation of the upward wave structure, when wave A breaks the sloping channel of the descending truncated structure.
- Stop-loss below the local minimum of the descending structure.
- Price targets at 0.5780 and 0.5820.
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