NZDUSD analysis 15.01.2020

The round important level of 0.6600 has once again shown its strength on the price chart. The overall trend remains upward. A descending truncated pattern of the H8 level was formed. Awesome Oscillator generates a bullish divergence, while Stochastic Oscillator indicator signals oversoldness.

Trading recommendations:

Buy while an ascending pattern is forming, above the round secondary level of 0.6620.

Stop loss under the round important level of 0.6600.

Target levels - 0.6650; 0.6720; 0.6750.