Technical analysis AUDUSD for 25.09.2023
The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is below 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 is below the price chart. In this case, the cloud is ready to roll over from ascending to descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 0.64375. The closest resistance is the level 0.64625
Key levels
- 0.65150, 0.64875, 0.64625, 0.64375, 0.64055
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 0.64375, with Take Profit of 0.64055 and Stop Loss of 0.64625
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 0.64625, with Take Profit of 0.64875 and Stop Loss of 0.64375
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.