Technical analysis NZDUSD for 07.12.2022
The Tenkan-sen line is located above the Kijun-sen line. Red points downwards while blue points upwards. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located above the Kijun-sen line. Red points downwards while blue points upwards. 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 resistance is the level 0.63690. The closest support is the level 0.62710
Key levels
- 0.64840, 0.64300, 0.63690, 0.62710, 0.62170, 0.61550
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.63690, with Take Profit of 0.64300 and Stop Loss of 0.63200
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.62710, with Take Profit of 0.62170 and Stop Loss of 0.63200
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.