Technical analysis NZDUSD for 10.02.2022

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the top of the cloud. The closest resistance is the level 0.6700

Key levels

• 0.6890, 0.6810, 0.6755, 0.6700, 0.6660, 0.6615, 0.6530

Trading scenario

• Recommended opening long positions (Buy) at the current price, with Take Profit of 0.6755 and Stop Loss of 0.6615

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.6615, with Take Profit of 0.6530 and Stop Loss of 0.6660