Technical analysis AUDUSD for 26.10.2022

The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 0.6300. The closest resistance is the level 0.6380

Key levels

• 0.6665, 0.6480, 0.6400, 0.6300, 0.6180

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.6380, with Take Profit of 0.6480 and Stop Loss of 0.6300

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.6300, with Take Profit of 0.6180 and Stop Loss of 0.6380