Technical analysis NZDUSD for 13.06.2022

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 0.63350. The closest resistance is the level 0.63750

Key levels

• 0.65050, 0.64675, 0.64250, 0.63750, 0.63350, 0.62900, 0.62275

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 0.63350, with Take Profit of 0.62900 and Stop Loss of 0.63750

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 0.63750, with Take Profit of 0.64250 and Stop Loss of 0.63350