Technical analysis NZDUSD for 07.06.2022

The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is ready to roll over from ascending to descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.65170. The closest support is the level 0.64470

Key levels

• 0.66240, 0.65600, 0.65170, 0.64470, 0.64100, 0.63650

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.65170, with Take Profit of 0.65600 and Stop Loss of 0.64800

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.64470, with Take Profit of 0.64100 and Stop Loss of 0.64800