Technical analysis AUDUSD for 11.04.2023

The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is below 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 0.66690. The closest support is the level 0.66280

Key levels

• 0.67210, 0.67000, 0.66690, 0.66280, 0.66050, 0.65700

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.66690, with Take Profit of 0.67000 and Stop Loss of 0.66500

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.66280, with Take Profit of 0.66050 and Stop Loss of 0.66500