Technical analysis AUDUSD for 25.09.2023

The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ready to roll over from ascending to descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 0.64375. The closest resistance is the level 0.64625

Key levels

• 0.65150, 0.64875, 0.64625, 0.64375, 0.64055

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 0.64375, with Take Profit of 0.64055 and Stop Loss of 0.64625

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 0.64625, with Take Profit of 0.64875 and Stop Loss of 0.64375