Technical analysis NZDUSD for 06.07.2022
06.07.2022 02:14
Intraday
Technical
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 resistance is the level 0.62100. The closest support is the level 0.61300
Key levels
- 0.63000, 0.62550, 0.62100, 0.61300, 0.61000, 0.60610
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.62100, with Take Profit of 0.62550 and Stop Loss of 0.61700
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.61300, with Take Profit of 0.61000 and Stop Loss of 0.61700
Scenario
Recommendation
BUY STOP
Entry Point
0.62100
Take Profit
0.62550
Stop Loss
0.61700
Key Levels
0.63000, 0.62550, 0.62100, 0.61300, 0.61000, 0.60610
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.61300
Take Profit
0.61000
Stop Loss
0.61700