Technical analysis AUDUSD for 08.12.2022
08.12.2022 01:09
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.67650. The closest support is the level 0.66450
Key levels
- 0.69040, 0.68240, 0.67650, 0.66450, 0.65600, 0.64280
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.67650, with Take Profit of 0.68240 and Stop Loss of 0.67000
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.66450, with Take Profit of 0.65600 and Stop Loss of 0.67000
Scenario
Recommendation
BUY STOP
Entry Point
0.67650
Take Profit
0.68240
Stop Loss
0.67000
Key Levels
0.69040, 0.68240, 0.67650, 0.66450, 0.65600, 0.64280
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.66450
Take Profit
0.65600
Stop Loss
0.67000