Technical analysis AUDUSD for 01.07.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.69130. The closest support is the level 0.68780

Key levels

• 0.69780, 0.69470, 0.69130, 0.68780, 0.68380, 0.68000

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.69130, with Take Profit of 0.69470 and Stop Loss of 0.68950

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.68780, with Take Profit of 0.68380 and Stop Loss of 0.68950