NZD/CHF Trading Analysis (15/11/2024)
The trend is ascending. The currency pair is trading in the range between 365 and 135 ЕМАs. The descending wave structure is truncated. There is a bullish divergence on the Awesome Oscillator. The sloping channel of the descending truncated structure has been breached.
Trading idea:
- Buy on the breach of 0.5216.
- Stop-loss at 0.5189.
- Price targets at 0.5250 and 0.5261.
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