GBP/NZD Trading Analysis (02/07/2025)
The trend is ascending, and the currency pair is trading within the 365-135 EMA range. The downward truncated wave structure ended with the breach of the sloping channel. There is bullish divergence on the Awesome Oscillator and the Stochastic Oscillator indicates an oversold condition.
Trade idea:
- Buy at the breach of 2.2555
- Stop-loss at 2.2495.
- Price targets are 2.2615 and 2.2680.
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