Technical analysis AUDNZD for 10.10.2022

Tenkan-sen and Kijun-sen lines are merged. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1.1335. The closest resistance is the level 1.1365

Key levels

• 1.1461, 1.1400, 1.1365, 1.1335, 1.1305, 1.1270, 1.1210

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 1.1335, with Take Profit of 1.1270 and Stop Loss of 1.1365

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 1.1365, with Take Profit of 1.1400 and Stop Loss of 1.1335