Technical analysis AUDUSD for 16.09.2022
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
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 support is the level 0.66350. The closest resistance is the level 0.67175
Key levels
- 0.68400, 0.67750, 0.67175, 0.66350, 0.65325
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 0.67175, with Take Profit of 0.66350 and Stop Loss of 0.67750
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 0.67750, with Take Profit of 0.68400 and Stop Loss of 0.67175
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.