Technical analysis AUDNZD for 23.06.2022

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 trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.10370. The closest support is the level 1.09930

Key levels

• 1.11100, 1.10660, 1.10370, 1.09930, 1.09650, 1.09300

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1.10370, with Take Profit of 1.10660 and Stop Loss of 1.10100

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.09930, with Take Profit of 1.09650 and Stop Loss of 1.10100