Technical analysis AUDJPY for 11.11.2022

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 is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 93.300. The closest resistance is the level 93.750

Key levels

• 94.900, 94.350, 93.750, 93.300, 92.700

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 93.300, with Take Profit of 92.700 and Stop Loss of 93.750

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 93.750, with Take Profit of 94.350 and Stop Loss of 93.300