Technical analysis GBPNZD for 04.05.2022

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 resistance is the level 1.94790. The closest support is the level 1.93700

Key levels

• 1.96620, 1.95610, 1.94790, 1.93700, 1.92760, 1.91930

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1.94790, with Take Profit of 1.95610 and Stop Loss of 1.94200

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.93700, with Take Profit of 1.92760 and Stop Loss of 1.94200