Technical analysis AUDNZD for 09.05.2023
The Tenkan-sen line is located above the Kijun-sen line. Red is directed up, while blue is directed down. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located above the Kijun-sen line. Red is directed up, while blue is directed down. 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 1.06675. The closest resistance is the level 1.06900
Key levels
- 1.07475, 1.07175, 1.06900, 1.06675, 1.06225
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 1.06675, with Take Profit of 1.06225 and Stop Loss of 1.06900
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.07175, with Take Profit of 1.07475 and Stop Loss of 1.07065
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.