Technical analysis AUDNZD for 10.02.2023

The Tenkan-sen line is located above the Kijun-sen line. Red points downwards while blue points upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.10190. The closest support is the level 1.09350

Key levels

• 1.11230, 1.10780, 1.10190, 1.09350, 1.08930, 1.08420

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1.10190, with Take Profit of 1.10780 and Stop Loss of 1.09750

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.09350, with Take Profit of 1.08930 and Stop Loss of 1.09750