Technical analysis AUDUSD for 04.10.2022

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above 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 0.64900. The closest resistance is the level 0.65800

Key levels

• 0.66700, 0.65800, 0.64900, 0.64300, 0.63500

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 0.64900, with Take Profit of 0.65800 and Stop Loss of 0.64300

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.64300, with Take Profit of 0.63500 and Stop Loss of 0.64900