Technical analysis AUDUSD for 30.09.2022
The Tenkan-sen line crosses bottom upward the Kijun-sen line. Red is directed up, while blue is directed down. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line crosses bottom upward the Kijun-sen line. Red is directed up, while blue is directed down. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 0.6480. The closest resistance is the level 0.6665
Key levels
- 0.6830, 0.6665, 0.6480, 0.6400, 0.6300, 0.6180
Trading scenario
- Recommended opening long positions (Buy) at the current price, with Take Profit of 0.6665 and Stop Loss of 0.6400
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.6400, with Take Profit of 0.6300 and Stop Loss of 0.6480
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.