Technical analysis NZDUSD for 28.01.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. 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 0.6500. The closest resistance is the level 0.6570

Key levels

• 0.6891, 0.6840, 0.6787, 0.6735, 0.6690, 0.6625, 0.6570, 0.6500, 0.6435

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 0.6570, with Take Profit of 0.6500 and Stop Loss of 0.6625

Alternative scenario

• Recommended opening long positions (Buy Limit) from the level of 0.6500, with Take Profit of 0.6570 and Stop Loss of 0.6435