Technical analysis NZDUSD for 23.11.2021
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. 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 support is the level 0.6915. The closest resistance is the level 0.6975
Key levels
- 0.6865, 0.6915, 0.6975, 0.7015, 0.7040, 0.7080
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 0.6915, with Take Profit of 0.6975 and Stop Loss of 0.6975
Alternative scenario
- Recommended opening short positions (Sell Limit) from the level of 0.6975, with Take Profit of 0.6915 and Stop Loss of 0.6915
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.