Technical analysis NZDUSD for 29.03.2023
29.03.2023 03:53
Intraday
Technical
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
Scenario
Recommendation
BUY STOP
Entry Point
0.62720
Take Profit
0.62950
Stop Loss
0.62500
Key Levels
0.63180, 0.62950, 0.62720, 0.63320, 0.62020, 0.61730
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.63320
Take Profit
0.62020
Stop Loss
0.62500