Technical analysis AUDCHF for 22.07.2022

The Tenkan-sen line is located above the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.67340. The closest support is the level 0.66620

Key levels

• 0.68580, 0.68030, 0.67340, 0.66620, 0.66270, 0.65900

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.67340, with Take Profit of 0.68030 and Stop Loss of 0.66950

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.66620, with Take Profit of 0.66270 and Stop Loss of 0.66950