Technical analysis NZDUSD for 23.03.2022
23.03.2022 10:23
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above 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 0.69500. The closest support is the top of the cloud
Key levels
- 0.70400, 0.69925, 0.69500, 0.68825, 0.68300, 0.67900, 0.67400, 0.66850
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.69500, with Take Profit of 0.69925 and Stop Loss of 0.69300
Alternative scenario
- Recommended opening short positions (Sell Limit) from the level of 0.69925, with Take Profit of 0.68825 and Stop Loss of 0.70400
Scenario
Recommendation
BUY STOP
Entry Point
0.69500
Take Profit
0.69925
Stop Loss
0.69300
Key Levels
0.70400, 0.69925, 0.69500, 0.68825, 0.68300, 0.67900, 0.67400, 0.66850
Alternative scenario
Recommendation
SELL LIMIT
Entry Point
0.69925
Take Profit
0.68825
Stop Loss
0.70400