Technical analysis NZDUSD for 17.06.2022
17.06.2022 02:15
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 0.6340. The closest resistance is the level 0.6385
Key levels
- 0.6575, 0.6485, 0.6430, 6385, 6340, 0.6285, 0.6195
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.6385, with Take Profit of 0.6430 and Stop Loss of 0.6340
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.6340, with Take Profit of 0.6285 and Stop Loss of 0.6385
Scenario
Recommendation
BUY STOP
Entry Point
0.6385
Take Profit
0.6430
Stop Loss
0.6340
Key Levels
0.6575, 0.6485, 0.6430, 6385, 6340, 0.6285, 0.6195
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.6340
Take Profit
0.6285
Stop Loss
0.6385