Technical analysis AUDNZD for 10.05.2022
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed below the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed below the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 1.10000. The closest resistance is the level 1.10450
Key levels
- 1.11000, 1.10450, 1.10000, 1.09425, 1.08950, 1.08400
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.10450, with Take Profit of 1.11000 and Stop Loss of 1.10000
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.10000, with Take Profit of 1.09425 and Stop Loss of 1.10450
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.