Technical analysis NZDUSD for 11.11.2022
Tenkan-sen and Kijun-sen lines are merged. 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 support is the level 0.59825. The closest resistance is the level 0.60250

Key levels
- 0.60750, 0.60250, 0.59825, 0.59400, 0.58950
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.60250, with Take Profit of 0.60750 and Stop Loss of 0.59825
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.59825, with Take Profit of 0.59400 and Stop Loss of 0.60250