Technical analysis NZDUSD for 12.09.2023
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed above the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 0.59000. The closest resistance is the level 0.59300
Key levels
- 0.59750, 0.59500, 0.59300, 0.59000, 0.58700
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 0.59300, with Take Profit of 0.59000 and Stop Loss of 0.59500
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 0.59500, with Take Profit of 0.59750 and Stop Loss of 0.59300
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.