Technical analysis AUDUSD for 06.01.2023

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.68140. The closest support is the level 0.67210

Key levels

• 0.69250, 0.68750, 0.68140, 0.67210, 0.66760, 0.66240

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.68140, with Take Profit of 0.68750 and Stop Loss of 0.67700

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.67210, with Take Profit of 0.66760 and Stop Loss of 0.67700