Technical analysis AUDUSD for 01.10.2024

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines+

Key levels

• 0.64385, 0.66369, 0.66369, 0.68968, 0.69464

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 0.68169, with Take Profit of 0.69464 and Stop Loss of 0.66369

Alternative scenario

• Recommended opening short positions (Sell Limit) from the level of 0.68968, with Take Profit of 0.66369 and Stop Loss of 0.69464