Technical analysis AUDUSD for 15.07.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. 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 0.67175. The closest resistance is the level 0.67700

Key levels

• 0.68600, 0.68125, 0.67700, 0.67175, 0.66550

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 0.67700, with Take Profit of 0.67175 and Stop Loss of 0.68125

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 0.68125, with Take Profit of 0.68600 and Stop Loss of 0.67700