Technical analysis NZDUSD for 06.04.2022
The Tenkan-sen line is located above the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located above the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 0.68825. The closest resistance is the level 0.69500
Key levels
- 0.71050, 0.70150, 0.69500, 0.68825, 0.68300, 0.67850, 0.67050
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 0.69500, with Take Profit of 0.68825 and Stop Loss of 0.69870
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 0.70150, with Take Profit of 0.71050 and Stop Loss of 0.69500
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.