Technical analysis AUDNZD for 18.04.2022

The Tenkan-sen line is located above the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument pierced the Tenkan-se and Kijun-sen lines from bottom to top. The closest resistance is the level 1.09350. The closest support is the level 1.08850

Key levels

• 1.10560, 1.100000, 1.09350, 1.08850, 1.08250, 1.07850, 1.07250, 1.06750

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1.09350, with Take Profit of 1.100000 and Stop Loss of 1.09100

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.08850, with Take Profit of 1.08250 and Stop Loss of 1.09100