Technical analysis NZDCHF for 24.06.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 0.60400. The closest resistance is the level 0.60650

Key levels

• 0.61150, 0.60900, 0.60650, 0.60400, 0.60100, 0.59775

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 0.60400, with Take Profit of 0.60100 and Stop Loss of 0.60650

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 0.60650, with Take Profit of 0.60900 and Stop Loss of 0.60400