Technical analysis NZDUSD for 22.09.2022

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 support is the level 0.5830. The closest resistance is the level 0.5910

Key levels

• 0.6160, 0.6015, 0.5910, 0.5830, 0.5740

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 0.5830, with Take Profit of 0.5740 and Stop Loss of 0.5910

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 0.5910, with Take Profit of 0.6015 and Stop Loss of 0.5830