Technical analysis AUDUSD for 20.09.2022

The Tenkan-sen line is located below the Kijun-sen line. Blue is directed downward, while red remains 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 resistance is the level 0.67680. The closest support is the level 0.66830

Key levels

• 0.68650, 0.68200, 0.67680, 0.66830, 0.66350, 0.65750

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.67680, with Take Profit of 0.68200 and Stop Loss of 0.67250

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.66830, with Take Profit of 0.66350 and Stop Loss of 0.67250