Technical analysis NZDUSD for 12.04.2022
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
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 support is the level 0.6800. The closest resistance is the level 0.6845
Key levels
- 0.7033, 0.6960, 0.6920, 0.6880, 0.6845, 0.6800, 0.6730
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 0.6800, with Take Profit of 0.6730 and Stop Loss of 0.6845
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 0.6845, with Take Profit of 0.6920 and Stop Loss of 0.6800
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.