Technical analysis AUDUSD for 23.12.2022

23.12.2022 01:11
Intraday
Technical

The Tenkan-sen line is located above 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 trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.66800. The closest support is the level 0.66470

Key levels

  • 0.68000, 0.67330, 0.66800, 0.66470, 0.66110, 0.65400

Trading scenario

  • Recommended opening long positions (Buy Stop) from the level of 0.66800, with Take Profit of 0.67330 and Stop Loss of 0.66660

Alternative scenario

  • Recommended opening short positions (Sell Stop) from the level of 0.66470, with Take Profit of 0.66110 and Stop Loss of 0.66660
Scenario
Recommendation
BUY STOP

Entry Point
0.66800

Take Profit
0.67330

Stop Loss
0.66660

Key Levels
0.68000, 0.67330, 0.66800, 0.66470, 0.66110, 0.65400
Alternative scenario
Recommendation
SELL STOP

Entry Point
0.66470

Take Profit
0.66110

Stop Loss
0.66660