Technical analysis AUDNZD for 12.07.2022

The Tenkan-sen line is located above 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 is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 1.10150. The closest resistance is the level 1.10370

Key levels

• 1.10660, 1.10370, 1.10150, 1.09900, 1.09625

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 1.10150, with Take Profit of 1.09900 and Stop Loss of 1.10370

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 1.10370, with Take Profit of 1.10660 and Stop Loss of 1.10150