Technical analysis NZDUSD for 21.04.2023
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span crossed and fixed below the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span crossed and fixed 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 82.775. The closest resistance is the level 82.975
Key levels
- 83.600, 83.250, 82.975, 82.775, 82.550
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 82.775, with Take Profit of 82.550 and Stop Loss of 82.975
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 82.975, with Take Profit of 83.250 and Stop Loss of 82.775
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.