Technical analysis AUDJPY for 14.06.2022

The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud turned over from ascending to descending. Instrument consolidates at the bottom of the cloud. The closest support is the level 92.90. The closest resistance is the level 93.63

Key levels

• 96.75, 95.55, 94.83, 94.23, 93.63, 92.90, 91.70

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 92.90, with Take Profit of 91.70 and Stop Loss of 93.63

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 93.63, with Take Profit of 94.83 and Stop Loss of 92.90