Technical analysis NZDUSD for 17.07.2023

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 traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.64020. The closest support is the level 0.62980

Key levels

• 0.65000, 0.64500, 0.64020, 0.62980, 0.62290, 0.61560

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.64020, with Take Profit of 0.64500 and Stop Loss of 0.63600

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.62980, with Take Profit of 0.62290 and Stop Loss of 0.63600