Technical analysis NZDUSD for 12.07.2023
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.62370. The closest support is the level 0.61560
Key levels
- 0.63500, 0.62830, 0.62370, 0.61560, 0.60900, 0.60230
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.62370, with Take Profit of 0.62830 and Stop Loss of 0.62000
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.61560, with Take Profit of 0.60900 and Stop Loss of 0.62000
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.