Technical analysis NZDUSD for 25.02.2022

The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support and resistance levels are Tenkan-se and Kijun-sen, respectively. The closest support and resistance levels are Tenkan-se and Kijun-sen, respectively

Key levels

• 0.68300, 0.67950, 0.67575, 0.67225, 0.66800, 0.66450, 0.66050, 0.65400

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.67225, with Take Profit of 0.67575 and Stop Loss of 0.66930

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.66450, with Take Profit of 0.66050 and Stop Loss of 0.66800