Technical analysis AUDJPY for 01.05.2023

The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span crossed and fixed above the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 90.000. The closest resistance is the level 90.425

Key levels

• 90.675, 90.425, 90.000, 89.650, 89.125

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 90.000, with Take Profit of 90.425 and Stop Loss of 89.650

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 89.650, with Take Profit of 89.125 and Stop Loss of 90.000