Technical analysis AUDUSD for 19.08.2022
The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. 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 0.6910. The closest resistance is the level 0.6960

Key levels
- 0.7135, 0.7025, 0.6960, 0.6910, 0.6855, 0.6790, 0.6705
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 0.6910, with Take Profit of 0.6855 and Stop Loss of 0.6960
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 0.6960, with Take Profit of 0.7025 and Stop Loss of 0.6910