Technical analysis NZDUSD for 19.05.2022

The Tenkan-sen line is located above the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is above 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 0.6273. The closest resistance is the level 0.6335

Key levels

• 0.6455, 0.6390, 0.6335, 0.6273, 0.6225, 0.6116, 0.6080

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 0.6273, with Take Profit of 0.6390 and Stop Loss of 0.6225

Alternative scenario

• Recommended opening short positions (Sell Limit) from the level of 0.6335, with Take Profit of 0.6273 and Stop Loss of 0.6390