Technical analysis NZDUSD for 19.01.2022

The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span crossed and fixed below the price chart. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 0.6780. The closest resistance is the level 0.6810

Key levels

• 0.6915, 0.6880, 6835, 0.6810, 0.6780, 0.6760, 0.6735, 0.6700

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 0.6780, with Take Profit of 0.6835 and Stop Loss of 0.6760

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.6760, with Take Profit of 0.6700 and Stop Loss of 0.6780