Technical analysis GBPNZD for 21.04.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart. In this case, the cloud is ascending. Instrument pierced the Tenkan-se and Kijun-sen lines from bottom to top. The closest resistance is the level 1.93250. The closest support is the level 1.92300

Key levels

• 1.94970, 1.94200, 1.93250, 1.92300, 1.91400, 1.90525

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1.93250, with Take Profit of 1.94200 and Stop Loss of 1.92700

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.92300, with Take Profit of 1.91400 and Stop Loss of 1.92700