Technical analysis GBPNZD for 01.07.2022

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.96480. The closest support is the level 1.95670

Key levels

• 1.97440, 1.96790, 1.96480, 1.95670, 1.95350, 1.94930

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1.96480, with Take Profit of 1.96790 and Stop Loss of 1.96100

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.95670, with Take Profit of 1.95350 and Stop Loss of 1.96100