Technical analysis NZDUSD for 30.01.2023

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 trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.65770. The closest support is the level 0.64130

Key levels

• 0.67430, 0.66650, 0.65770, 0.64130, 0.63380, 0.62250

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.65770, with Take Profit of 0.66650 and Stop Loss of 0.65000

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.64130, with Take Profit of 0.63380 and Stop Loss of 0.65000