Technical analysis AUDUSD for 01.10.2024

01.10.2024 21:04
Intraday
Technical

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

Scenario
Recommendation
BUY LIMIT

Entry Point
0.68169

Take Profit
0.69464

Stop Loss
0.66369

Key Levels
0.64385, 0.66369, 0.66369, 0.68968, 0.69464
Alternative scenario
Recommendation
SELL LIMIT

Entry Point
0.68968

Take Profit
0.66369

Stop Loss
0.69464