Technical analysis NZDUSD for 28.06.2022

The Tenkan-sen line is located above the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud turned over from ascending to descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.63130. The closest support is the level 0.62750

Key levels

• 0.63680, 0.63400, 0.63130, 0.62750, 0.62400, 0.62160

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.63130, with Take Profit of 0.63400 and Stop Loss of 0.62950

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.62750, with Take Profit of 0.62400 and Stop Loss of 0.62950