Technical analysis AUDUSD for 21.03.2023

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.67680. The closest support is the level 0.66850

Key levels

• 0.68780, 0.68190, 0.67680, 0.66850, 0.66450, 0.66030

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.67680, with Take Profit of 0.68190 and Stop Loss of 0.67250

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.66850, with Take Profit of 0.66450 and Stop Loss of 0.67250