Technical analysis NZDUSD for 15.09.2022

The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument corrected to the Tenkan-se line. The closest resistance is the level 0.60330. The closest support is the level 0.59760

Key levels

• 0.61090, 0.60760, 0.60330, 0.59760, 0.59320, 0.58850

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.60330, with Take Profit of 0.60760 and Stop Loss of 0.59950

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.59760, with Take Profit of 0.59320 and Stop Loss of 0.59950