Technical analysis AUDNZD for 21.12.2022

The Tenkan-sen line is located below the Kijun-sen line. Blue is directed downward, while red remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument corrected to the Tenkan-se line. The closest resistance is the level 1.05780. The closest support is the level 1.04900

Key levels

• 1.06900, 1.06480, 1.05780, 1.04900, 1.04330, 1.03780

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1.05780, with Take Profit of 1.06480 and Stop Loss of 1.05350

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.04900, with Take Profit of 1.04330 and Stop Loss of 1.05350