Technical analysis AUDUSD for 16.11.2022

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 ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 0.67025. The closest resistance is the level 0.67679

Key levels

• 0.69175, 0.68450, 0.67679, 0.67025, 0.65875

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.67679, with Take Profit of 0.68450 and Stop Loss of 0.67025

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.67025, with Take Profit of 0.65875 and Stop Loss of 0.67679