Technical analysis NZDUSD for 28.04.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. 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 0.6530. The closest resistance is the level 0.6590

Key levels

• 0.6785, 0.6725, 0.6690, 0.6661, 0.6630, 0.6590, 0.6530, 0.6455, 06390

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 0.6530, with Take Profit of 0.6455 and Stop Loss of 0.6590

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 0.6590, with Take Profit of 0.6661 and Stop Loss of 0.6530