Technical analysis NZDUSD for 15.06.2022

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 resistance is the level 0.62510. The closest support is the level 0.61790

Key levels

• 0.63340, 0.62890, 0.62510, 0.61790, 0.61440, 0.60590

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.62510, with Take Profit of 0.62890 and Stop Loss of 0.62150

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.61790, with Take Profit of 0.61440 and Stop Loss of 0.62150