Technical analysis NZDUSD for 13.07.2022

The Tenkan-sen line is located below 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 is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 0.6075. The closest resistance is the level 0.6125

Key levels

• 0.6320, 0.6240, 0.6175, 0.6125, 0.6075, 0.6015, 0.5950

Trading scenario

• Recommended opening short positions (Sell) at the current price, with Take Profit of 0.6075 and Stop Loss of 0.6175

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 0.6175, with Take Profit of 0.6240 and Stop Loss of 0.6125