Technical analysis AUDNZD for 05.10.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument consolidates at the bottom of the cloud. The closest support is the level 1.1335. The closest resistance is the level 1.1365

Key levels

• 1.1461, 1.1400, 1.1365, 1.1335, 1.1305, 1.1270, 1.1210

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1.1365, with Take Profit of 1.1400 and Stop Loss of 1.1335

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.1335, with Take Profit of 1.1270 and Stop Loss of 1.1365