Technical analysis NZDUSD for 23.03.2022

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.69500. The closest support is the top of the cloud

Key levels

• 0.70400, 0.69925, 0.69500, 0.68825, 0.68300, 0.67900, 0.67400, 0.66850

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.69500, with Take Profit of 0.69925 and Stop Loss of 0.69300

Alternative scenario

• Recommended opening short positions (Sell Limit) from the level of 0.69925, with Take Profit of 0.68825 and Stop Loss of 0.70400