EUR/NZD Analysis, Chart, and Trading Idea

Analytics for XAG/USD Forex pair, based on complex analysis of modified waves, Fibonacci levels and price channels
 

The ascending wave structure is truncated. The resistance level at 1.7015 curbs the buyers. A bearish divergence on the Awesome Oscillator is forming, and the Stochastic Oscillator signals the oversold state.
 

Trading idea:

Buy at the formation of the descending wave structure, when the (A) wave breaches the sloping channel of the ascending truncated structure;

Stop-loss: over the local minimum of the descending structure 1.70152;

Target price levels: 1.68840, 1.68360.