Technical analysis AUDCAD for 20.06.2022

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 traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.90610. The closest support is the level 0.89980

Key levels

• 0.91470, 0.91110, 0.90610, 0.89980, 0.89670, 0.89360

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.90610, with Take Profit of 0.91110 and Stop Loss of 0.90280

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.89980, with Take Profit of 0.89670 and Stop Loss of 0.90280