Technical analysis AUDNZD for 18.10.2022
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. 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 and resistance levels are Kijun-sen and Tenkan-se, respectively. The closest resistance is the level 1.1155
Key levels
- 1.1255, 1.1191, 1.1155, 1.1120, 1.1050
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 1.1120, with Take Profit of 1.1050 and Stop Loss of 1.1155
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.1191, with Take Profit of 1.1255 and Stop Loss of 1.1155
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.