Technical analysis NZDUSD for 09.08.2023
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 trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 0.60450. The closest resistance is the level 0.60700

Key levels
- 0.61275, 0.60900, 0.60700, 0.60450, 0.60225
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 0.60700, with Take Profit of 0.60450 and Stop Loss of 0.60900
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 0.60900, with Take Profit of 0.61275 and Stop Loss of 0.60700