Technical analysis AUDUSD for 06.10.2022

The Tenkan-sen line crosses from top to bottom the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span crosses bottom upward 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 0.65220. The closest support is the level 0.64580

Key levels

• 0.66600, 0.66040, 0.65220, 0.64580, 0.63890, 0.63290

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.65220, with Take Profit of 0.66040 and Stop Loss of 0.64850

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.64580, with Take Profit of 0.63890 and Stop Loss of 0.64850