Technical analysis AUDJPY for 07.06.2023

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 92.927. The closest resistance is the level 93.475

Key levels

• 93.850, 93.475, 92.927, 92.650, 92.300

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 92.927, with Take Profit of 93.475 and Stop Loss of 92.650

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 92.650, with Take Profit of 92.300 and Stop Loss of 92.927