GBP/NZD Trading Analysis (11/04/2025)
The trend is ascending.The currency pair is trading in the range between 365 and 135 ЕМАs. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition.
Trade idea:
- Buy on the formation of the ascending wave structure, when the A-wave breaches the sloping channel of the descending truncated structure.
- Stop-loss at 2.2443.
- Price targets at 2.2837 and 2.3250.
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