Technical analysis NZDUSD for 17.01.2022

The Tenkan-sen line is located above the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 0.67950. The closest resistance is the level 0.68300

Key levels

• 0.68825, 0.68500, 0.68300, 0.67950, 0.67675, 0.67425, 0.67075

Trading scenario

• Recommended opening long positions (Buy) at the current price, with Take Profit of 0.68300 and Stop Loss of 0.67950

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.67950, with Take Profit of 0.67675 and Stop Loss of 0.68110