Technical analysis AUDCAD for 22.06.2022

The Tenkan-sen line is located below the Kijun-sen line. Red points downwards while blue points upwards. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is ascending. Instrument consolidates at the bottom of the cloud. The closest support is the level 0.8995. The closest resistance is the level 0.9015

Key levels

• 0.9145, 0.9085, 0.9046, 0.9015, 0.8985, 0.8985, 0.8945, 08885

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 0.8985, with Take Profit of 0.8945 and Stop Loss of 0.9015

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 0.9015, with Take Profit of 0.9085 and Stop Loss of 0.8985