NZDUSD analysis 06.11.2019

The general trend on TF H1 is an uptrend. The downward construction formed on the H2 level. A descending truncated M30 level pattern has formed in the wave (C), which ended with the breakout of the inclined channel. Bullish divergence has formed on the Awesome Oscillator indicator, and Stochastic Oscillator indicator signals oversoldness. The breakthrough of 0.6378 will result in the formation of an ascending wave pattern.

Trading recommendations:

Buy above 0.6378.

Stop Loss – 0.6363.

Target levels - 0.6390; 0.6430; 0.6462.

If the price drops to the local minimum, cancel the trading plan.