Technical analysis AUDUSD for 15.06.2022

The Tenkan-sen line is located below 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 traded between Tenkan-se and Kijun-sen lines. The closest support is the level 0.6930. The closest resistance is the level 0.6990

Key levels

• 0.7265, 0.7165, 0.7100, 0.7045, 0.6990, 0.6930, 0.6830

Trading scenario

• Recommended opening short positions (Sell) at the current price, with Take Profit of 0.6830 and Stop Loss of 0.6990

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 6990, with Take Profit of 0.7100 and Stop Loss of 0.6930