Technical analysis AUDUSD for 22.12.2022

The Tenkan-sen line is located below the Kijun-sen line. Red is directed up, while blue is directed down. Confirmatory line Chikou Span crosses bottom upward the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.67330. The closest support is the level 0.66800

Key levels

• 0.68340, 0.68000, 0.67330, 0.66800, 0.66470, 0.66110

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.67330, with Take Profit of 0.68000 and Stop Loss of 0.67000

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.66800, with Take Profit of 0.66470 and Stop Loss of 0.67000