Technical analysis NZDUSD for 09.03.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 0.6810. The closest resistance is the level 0.6885

Key levels

• 0.6975, 0.6920, 0.6850, 0.6810, 0.6775, 0.6740, 0.6700, 0.6630

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.6850, with Take Profit of 0.6920 and Stop Loss of 0.6810

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.6810, with Take Profit of 0.6740 and Stop Loss of 0.6850