Technical analysis NZDUSD for 13.06.2022
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
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 0.63350. The closest resistance is the level 0.63750
Key levels
- 0.65050, 0.64675, 0.64250, 0.63750, 0.63350, 0.62900, 0.62275
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 0.63350, with Take Profit of 0.62900 and Stop Loss of 0.63750
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 0.63750, with Take Profit of 0.64250 and Stop Loss of 0.63350
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.