Technical analysis AUDUSD for 27.09.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are 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 0.6400. The closest resistance is the level 0.6480

Key levels

• 0.6830, 0.6665, 0.6480, 0.6400, 0.6300, 0.6180

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.6480, with Take Profit of 0.6650 and Stop Loss of 0.6400

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.6400, with Take Profit of 0.6300 and Stop Loss of 0.6480