NZD/CAD Trading Analysis (07/07/2025)
The trend is ascending. The currency pair is trading within the 365-135 EMA range. The downward wave structure is truncated. There is bullish divergence on the Awesome Oscillator and the Stochastic Oscillator signals an oversold condition.
Trade idea:
- Buy at the beginning of an ascending wave structure when wave A breaches the sloping channel of the descending truncated structure.
- Place a stop-loss below the local minimum of the descending truncated structure.
- Price targets are 0.8280 and 0.8320.
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