Technical analysis NZDUSD for 25.01.2022

The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 0.66450. The closest resistance is the level 0.67075

Key levels

• 0.69500, 0.68825, 0.68300, 0.67900, 0.67400, 0.67075, 0.66450, 0.65850

Trading scenario

• Recommended opening short positions (Sell) at the current price, with Take Profit of 0.66450 and Stop Loss of 0.67075

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.66450, with Take Profit of 0.65850 and Stop Loss of 0.66950