Technical analysis AUDUSD for 20.12.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument corrected to the Tenkan-se line. The closest resistance is the level 0.67200. The closest support is the level 0.66770

Key levels

• 0.68700, 0.68010, 0.67200, 0.66770, 0.66180, 0.65480

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.67200, with Take Profit of 0.68010 and Stop Loss of 0.66950

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.66770, with Take Profit of 0.66180 and Stop Loss of 0.66950