Technical analysis NZDUSD for 15.04.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. 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 0.6735. The closest resistance is the level 0.6785

Key levels

• 0.6985, 0.6920, 0.6875, 0.6830, 0.6785, 0.6735

Trading scenario

• Recommended opening short positions (Sell) at the current price, with Take Profit of 0.6735 and Stop Loss of 0.6830

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 0.6830, with Take Profit of 0.6875 and Stop Loss of 0.6785