Technical analysis NZDUSD for 17.07.2023
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
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
Scenario
Recommendation
BUY STOP
Entry Point
0.64020
Take Profit
0.64500
Stop Loss
0.63600
Key Levels
0.65000, 0.64500, 0.64020, 0.62980, 0.62290, 0.61560
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.62980
Take Profit
0.62290
Stop Loss
0.63600
Author
Nikolai Krishtopov
Market Analyst & Marketing Manager, Investizo
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.