Technical analysis AUDNZD for 30.05.2023
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1.07950. The closest resistance is the level 1.08150
Key levels
1.08800, 1.08450, 1.08150, 1.07950, 1.07725, 1.07500
Trading scenario
Recommended opening long positions (Buy Stop) from the level of 1.08150, with Take Profit of 1.08450 and Stop Loss of 1.07950
Alternative scenario
Recommended opening short positions (Sell Stop) from the level of 1.07950, with Take Profit of 1.07725 and Stop Loss of 1.08150
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.