Technical analysis AUDUSD for 01.11.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.64580. The closest support is the level 0.63890

Key levels

• 0.66040, 0.65220, 0.64580, 0.63890, 0.63290, 0.62700

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.64580, with Take Profit of 0.65220 and Stop Loss of 0.64150

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.63890, with Take Profit of 0.63290 and Stop Loss of 0.64150