Technical analysis AUDCAD for 26.05.2022

The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support and resistance levels are Kijun-sen and Tenkan-se, respectively. The closest support and resistance levels are Kijun-sen and Tenkan-se, respectively

Key levels

• 0.92050, 0.91500, 0.90975, 0.90500, 0.90125, 0.89750

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.90975, with Take Profit of 0.91500 and Stop Loss of 0.90500

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.90500, with Take Profit of 0.90125 and Stop Loss of 0.90835