Technical analysis AUDNZD for 01.12.2022
Intraday
Technical
Tenkan-sen and Kijun-sen lines are merged. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed below the price chart
Tenkan-sen and Kijun-sen lines are merged. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed 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 1.07575. The closest resistance is the level 1.08025
Key levels
- 1.08850, 1.08450, 1.08025, 1.07575, 1.07175, 1.06625
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 1.07575, with Take Profit of 1.08025 and Stop Loss of 1.07175
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.07175, with Take Profit of 1.06625 and Stop Loss of 1.07575
Scenario
Recommendation
BUY LIMIT
Entry Point
1.07575
Take Profit
1.08025
Stop Loss
1.07175
Key Levels
1.08850, 1.08450, 1.08025, 1.07575, 1.07175, 1.06625
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.07175
Take Profit
1.06625
Stop Loss
1.07575
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.