Technical analysis AUDNZD for 12.07.2022
12.07.2022 01:59
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is 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 1.10150. The closest resistance is the level 1.10370
Key levels
- 1.10660, 1.10370, 1.10150, 1.09900, 1.09625
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 1.10150, with Take Profit of 1.09900 and Stop Loss of 1.10370
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.10370, with Take Profit of 1.10660 and Stop Loss of 1.10150
Scenario
Recommendation
SELL STOP
Entry Point
1.10150
Take Profit
1.09900
Stop Loss
1.10370
Key Levels
1.10660, 1.10370, 1.10150, 1.09900, 1.09625
Alternative scenario
Recommendation
BUY STOP
Entry Point
1.10370
Take Profit
1.10660
Stop Loss
1.10150