Technical analysis AUDJPY for 16.11.2022

The Tenkan-sen line is located above 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 traded between Tenkan-se and Kijun-sen lines. The closest support is the level 93.850. The closest resistance is the level 94.100

Key levels

• 94.350, 94.100, 93.850, 93.600, 93.300

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 93.850, with Take Profit of 94.100 and Stop Loss of 93.600

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 93.600, with Take Profit of 93.300 and Stop Loss of 93.850