years on the market

NZDUSD analysis 27.03.2020


The overall trend is downward. The currency pair is trading slightly above 365 and 135 moving averages. Stochastic Oscillator signals overboughtness, and Awesome Oscillator has formed a bearish divergence.

Trading recommendations:

Sell while a descending wave pattern is forming, where the wave (as) breaks through the inclined channel of the ascending pattern.

Stop loss for the round secondary level 0.6020.

Target levels: 0.5615; 0.5471.

The NZDUSD rate online: monitor the movement of the pair in real time.

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