Technical analysis AUDUSD for 15.12.2022

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 0.68500. The closest resistance is the level 0.69200

Key levels

• 0.70225, 0.69200, 0.68500, 0.67800, 0.66925

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 0.68500, with Take Profit of 0.69200 and Stop Loss of 0.67800

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.67800, with Take Profit of 0.66925 and Stop Loss of 0.68500