Technical analysis NZDUSD for 05.04.2022
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
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 0.70120. The closest support is the level 0.69500
Key levels
- 0.71240, 0.70680, 0.70120, 0.69500, 0.68830, 0.68300
Trading scenario
- Recommended opening long positions (Buy) at the current price, with Take Profit of 0.70120 and Stop Loss of 0.69500
Alternative scenario
- Recommended opening short positions (Sell Limit) from the level of 0.70120, with Take Profit of 0.69500 and Stop Loss of 0.70385
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.