Technical analysis AUDNZD for 27.06.2022

The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span crosses from top to bottom 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 1.0993. The closest resistance is the level 1.1015

Key levels

• 1.1150, 1.1110, 1.066, 1.1037, 1.1015, 1.0993, 1.0965, 1.0930

Trading scenario

• Recommended opening long positions (Buy) at the current price, with Take Profit of 1.1037 and Stop Loss of 1.0965

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.0965, with Take Profit of 1.0930 and Stop Loss of 1.0993