Technical analysis AUDNZD for 01.05.2023
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
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 1.06950. The closest resistance is the level 1.07175
Key levels
- 1.07700, 1.07400, 1.07175, 1.06950, 1.06675, 1.06375
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 1.06950, with Take Profit of 1.06675 and Stop Loss of 1.07175
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.07400, with Take Profit of 1.07700 and Stop Loss of 1.07200
Scenario
Recommendation
SELL STOP
Entry Point
1.06950
Take Profit
1.06675
Stop Loss
1.07175
Key Levels
1.07700, 1.07400, 1.07175, 1.06950, 1.06675, 1.06375
Alternative scenario
Recommendation
BUY STOP
Entry Point
1.07400
Take Profit
1.07700
Stop Loss
1.07200
Author
Nikolai Krishtopov
Market Analyst & Marketing Manager, Investizo
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.