Technical analysis AUDUSD for 16.09.2022

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. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 0.66350. The closest resistance is the level 0.67175

Key levels

• 0.68400, 0.67750, 0.67175, 0.66350, 0.65325

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 0.67175, with Take Profit of 0.66350 and Stop Loss of 0.67750

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 0.67750, with Take Profit of 0.68400 and Stop Loss of 0.67175