Technical analysis AUDUSD for 03.03.2023
The Tenkan-sen line crosses from top to bottom the Kijun-sen line. Red points downwards while blue points upwards. Confirmatory line Chikou Span crosses bottom upward the price chart
The Tenkan-sen line crosses from top to bottom the Kijun-sen line. Red points downwards while blue points upwards. Confirmatory line Chikou Span crosses bottom upward the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.67630. The closest support is the level 0.66780
Key levels
- 0.68650, 0.68070, 0.67630, 0.66780, 0.66290, 0.65680
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.67630, with Take Profit of 0.68070 and Stop Loss of 0.67200
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.66780, with Take Profit of 0.66290 and Stop Loss of 0.67200
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.