Technical analysis AUDNZD for 21.06.2022

The Tenkan-sen line is located below 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 descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 1.09725. The closest resistance is the level 1.09930

Key levels

• 1.10370, 1.10150, 1.09930, 1.09725, 1.09525, 1.09300

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 1.09725, with Take Profit of 1.09525 and Stop Loss of 1.09930

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 1.09930, with Take Profit of 1.10150 and Stop Loss of 1.09725