Technical analysis GBPNZD for 12.05.2022

The Tenkan-sen line is located above the Kijun-sen line. Blue is directed upwards, while red remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.94940. The closest support is the level 1.94200

Key levels

• 1.96030, 1.95480, 1.94940, 1.94200, 1.93670, 1.93110

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1.94940, with Take Profit of 1.95480 and Stop Loss of 1.94500

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.94200, with Take Profit of 1.93670 and Stop Loss of 1.94500