Technical analysis AUDUSD for 04.01.2023

The Tenkan-sen line approaches above the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart. In this case, the cloud is ascending. Instrument adjusted to the Kijun-sen line. The closest resistance is the level 0.68000. The closest support is the level 0.67330

Key levels

• 0.68690, 0.68420, 0.68000, 0.67330, 0.66800, 0.66470

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.68000, with Take Profit of 0.68420 and Stop Loss of 0.67650

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.67330, with Take Profit of 0.66800 and Stop Loss of 0.67650