Technical analysis NZDUSD for 24.03.2022

The Tenkan-sen line is located above 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 0.6942. The closest resistance is the level 0.6985

Key levels

• 0.7080, 0.7050, 0.6985, 0.6942, 0.6910, 0.6875, 0.6835, 0.6770

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.6985, with Take Profit of 0.7050 and Stop Loss of 0.6942

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.6942, with Take Profit of 0.6875 and Stop Loss of 0.6985