Technical analysis AUDUSD for 09.12.2022
The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart
The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart. In this case, the cloud turned over from descending to ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.68350. The closest support is the level 0.67350
Key levels
- 0.69240, 0.68750, 0.68350, 0.67350, 0.67000, 0.66550
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.68350, with Take Profit of 0.68750 and Stop Loss of 0.67850
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.67350, with Take Profit of 0.67000 and Stop Loss of 0.67850
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.