Technical analysis AUDUSD for 05.12.2023
05.12.2023 01:05
Intraday
Technical
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 below the Tenkan-se and Kijun-sen lines. The closest support is the level 0.66050. The closest resistance is the level 0.66400
Key levels
- 0.66700, 0.66400, 0.66050, 0.65875, 0.65650
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 0.66050, with Take Profit of 0.66400 and Stop Loss of 0.65875
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.65875, with Take Profit of 0.65650 and Stop Loss of 0.66050
Scenario
Recommendation
BUY LIMIT
Entry Point
0.66050
Take Profit
0.66400
Stop Loss
0.65875
Key Levels
0.66700, 0.66400, 0.66050, 0.65875, 0.65650
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.65875
Take Profit
0.65650
Stop Loss
0.66050