Technical analysis NZDUSD for 31.01.2023

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 ascending. Instrument corrected to the Tenkan-se line. The closest resistance is the level 0.65030. The closest support is the level 0.64140

Key levels

• 0.66150, 0.65530, 0.65030, 0.64140, 0.63720, 0.63270

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.65030, with Take Profit of 0.65530 and Stop Loss of 0.64600

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.64140, with Take Profit of 0.63720 and Stop Loss of 0.64600