Technical analysis AUDUSD for 09.10.2024

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

Key levels

• 0.66458, 0.66918, 0.67790, 0.68210, 0.69409

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 0.66918, with Take Profit of 0.68210 and Stop Loss of 0.66458

Alternative scenario

• Recommended opening short positions (Sell Limit) from the level of 0.68210, with Take Profit of 0.66458 and Stop Loss of 0.69409