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
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
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.