Technical analysis NZDUSD for 27.04.2023

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 resistance is the level 0.61460. The closest support is the level 0.60950

Key levels

• 0.62120, 0.61730, 0.61460, 0.60950, 0.60550, 0.60060

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.61460, with Take Profit of 0.61730 and Stop Loss of 0.61200

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.60950, with Take Profit of 0.60550 and Stop Loss of 0.61200