Technical analysis GBPNZD for 10.06.2022

The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.95350. The closest support is the level 1.94420

Key levels

• 1.96020, 1.95670, 1.95350, 1.94420, 1.94020, 1.93680

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1.95350, with Take Profit of 1.95670 and Stop Loss of 1.94800

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.94420, with Take Profit of 1.94020 and Stop Loss of 1.94800