Technical analysis AUDUSD for 04.09.2024

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading between the Tenkan-se and Kijun-sen lines. The closest support is the level 0.66350. The closest resistance is the level 0.67060 

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines

Key levels

• 0.65460, 0.65840, 0.66350, 0.67060, 0.67862, 0.68590

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 0.66350, with Take Profit of 0.68590 and Stop Loss of 0.66460

Alternative scenario

• Recommended opening short positions (Sell Limit) from the level of 0.67862, with Take Profit of 0.65840 and Stop Loss of 0.68590