Technical analysis AUDNZD for 03.10.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.14820. The closest support is the level 1.13650

Key levels

• 1.16070, 1.15570, 1.14820, 1.13650, 1.13260, 1.12490

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1.14820, with Take Profit of 1.15570 and Stop Loss of 1.14250

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.13650, with Take Profit of 1.13260 and Stop Loss of 1.14250