Technical analysis AUDJPY for 06.12.2022

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 91.100. The closest resistance is the level 91.625

Key levels

• 92.950, 92.175, 91.625, 91.100, 90.525

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 91.625, with Take Profit of 91.100 and Stop Loss of 91.820

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 92.175, with Take Profit of 92.950 and Stop Loss of 91.625