Technical analysis AUDUSD for 13.03.2023

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.66710. The closest support is the level 0.65900

Key levels

• 0.68200, 0.67410, 0.66710, 0.65900, 0.65340, 0.64740

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.66710, with Take Profit of 0.67410 and Stop Loss of 0.66300

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.65900, with Take Profit of 0.65340 and Stop Loss of 0.66300