Technical analysis AUDNZD for 27.05.2022

The Tenkan-sen line is located below the Kijun-sen line. Red is directed up, while blue is directed down. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 1.0942. The closest resistance is the level 1.0970

Key levels

• 1.1100, 1.1045, 1.1000, 1.0970, 1.0942, 1.0885, 1.0832

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 1.0942, with Take Profit of 1.0885 and Stop Loss of 1.0970

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 1.0970, with Take Profit of 1.1000 and Stop Loss of 1.0942