Technical analysis AUDNZD for 26.10.2022

The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span crossed and fixed above the price chart. In this case, the cloud is descending. Instrument consolidates at the bottom of the cloud. The closest support is the level 1.1050. The closest resistance is the level 1.1120

Key levels

• 1.1255, 1.1191, 1.1155, 1.1120, 1.1050, 1.1025, 1.0985

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 1.1120, with Take Profit of 1.1050 and Stop Loss of 1.1155

Alternative scenario

• Recommended opening long positions (Buy Limit) from the level of 1.1050, with Take Profit of 1.1120 and Stop Loss of 1.1025