Technical analysis AUDNZD for 05.09.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud turned over from ascending to descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 1.11550. The closest resistance is the level 1.12100

Key levels

• 1.12775, 1.12100, 1.11550, 1.11190, 1.10665

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 1.11550, with Take Profit of 1.12100 and Stop Loss of 1.11190

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.11190, with Take Profit of 1.10665 and Stop Loss of 1.11550