Technical analysis NZDUSD for 02.05.2022
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. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.64550. The closest support is the level 0.63900
Key levels
- 0.65900, 0.65300, 0.64550, 0.63900, 0.63350, 0.62730
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.64550, with Take Profit of 0.65300 and Stop Loss of 0.64200
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.63900, with Take Profit of 0.63350 and Stop Loss of 0.64200