Technical analysis AUDNZD for 21.09.2022

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1.13375. The closest resistance is the level 1.13850

Key levels

• 1.14375, 1.13850, 1.13375, 1.13025, 1.12475

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 1.13375, with Take Profit of 1.13850 and Stop Loss of 1.13025

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.13025, with Take Profit of 1.12475 and Stop Loss of 1.13375