Technical analysis AUDUSD for 27.04.2023

The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. 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 0.66340. The closest support is the level 0.65680

Key levels

• 0.67090, 0.66740, 0.66340, 0.65680, 0.65220, 0.64820

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.66340, with Take Profit of 0.66740 and Stop Loss of 0.65980

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.65680, with Take Profit of 0.65220 and Stop Loss of 0.65980