Technical analysis AUDJPY for 10.03.2023

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 89.650. The closest resistance is the level 89.800

Key levels

• 90.200, 90.000, 89.800, 89.650, 89.400, 89.150

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 89.650, with Take Profit of 89.400 and Stop Loss of 89.800

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 89.800, with Take Profit of 90.000 and Stop Loss of 89.650