Technical analysis AUDNZD for 13.10.2022

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 is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 1.1175. The closest resistance is the level 1.1200

Key levels

• 1.1365, 1.1305, 1.1265, 1.1235, 1.1200, 1.1175, 1.1115

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 1.1175, with Take Profit of 1.1115 and Stop Loss of 1.1200

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 1.1200, with Take Profit of 1.1235 and Stop Loss of 1.1175