Technical analysis NZDUSD for 29.03.2023
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud turned over from descending to ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.62720. The closest support is the level 0.63320
Key levels
- 0.63180, 0.62950, 0.62720, 0.63320, 0.62020, 0.61730
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.62720, with Take Profit of 0.62950 and Stop Loss of 0.62500
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.63320, with Take Profit of 0.62020 and Stop Loss of 0.62500
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.