Technical analysis AUDNZD for 10.05.2022

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed below the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 1.10000. The closest resistance is the level 1.10450

Key levels

• 1.11000, 1.10450, 1.10000, 1.09425, 1.08950, 1.08400

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1.10450, with Take Profit of 1.11000 and Stop Loss of 1.10000

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.10000, with Take Profit of 1.09425 and Stop Loss of 1.10450