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AUDNZD analysis

AUDNZD

The overall trend is upward. The descending pattern of the H4 level is truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator indicator signals oversold condition.

Trading idea:

Buy when an ascending pattern is formed, where the wave (A) breaks through the inclined channel of an H4 descending truncated pattern.

Stop Loss under the local minimum.

Target levels: 1.0715; 1.0837.

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