Technical analysis NZDUSD for 20.04.2022
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is descending. Instrument corrected to the Tenkan-se line. The closest support is the level 0.6700. The closest resistance is the level 0.6740
Key levels
- 0.6920, 0.6855, 0.6810, 0.6780, 0.6740, 6700, 0.6660
Trading scenario
- Recommended opening short positions (Sell) at the current price, with Take Profit of 0.6700 and Stop Loss of 0.6780
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 0.6780, with Take Profit of 0.6855 and Stop Loss of 0.6740