NZD/CAD Trading Analysis (03/07/2024)

The bears are testing the support level of 0.8305. All three downward wave structures are truncated. The inner truncated wave structures finished with the breach of the pivot. There is bullish divergence on the Awesome Oscillator, and Stochastic Oscillator signals the oversold state.

Trading idea:

• Buy at the breach of 0.8320.
• Stop-loss at 0.8305.
• Price levels at 0.8350 and 0.8400.

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