Technical analysis NZDUSD for 23.11.2021

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 0.6915. The closest resistance is the level 0.6975

Key levels

• 0.6865, 0.6915, 0.6975, 0.7015, 0.7040, 0.7080

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 0.6915, with Take Profit of 0.6975 and Stop Loss of 0.6975

Alternative scenario

• Recommended opening short positions (Sell Limit) from the level of 0.6975, with Take Profit of 0.6915 and Stop Loss of 0.6915