Technical analysis AUDUSD for 03.03.2023

The Tenkan-sen line crosses from top to bottom the Kijun-sen line. Red points downwards while blue points upwards. Confirmatory line Chikou Span crosses bottom upward the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.67630. The closest support is the level 0.66780

Key levels

• 0.68650, 0.68070, 0.67630, 0.66780, 0.66290, 0.65680

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.67630, with Take Profit of 0.68070 and Stop Loss of 0.67200

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.66780, with Take Profit of 0.66290 and Stop Loss of 0.67200