Technical analysis AUDNZD for 13.12.2022

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 1.05550. The closest resistance is the level 1.06250

Key levels

• 1.07950, 1.07325, 1.06250, 1.05550, 1.04600

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 1.05550, with Take Profit of 1.04600 and Stop Loss of 1.06250

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 1.06250, with Take Profit of 1.07325 and Stop Loss of 1.05550