Technical analysis AUDCAD for 14.06.2023

The Tenkan-sen line is located above the Kijun-sen line. Both lines are 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 0.90250. The closest support is the level 0.89950

Key levels

• 0.90540, 0.90250, 0.89950, 0.89540, 0.89080

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.90250, with Take Profit of 0.90540 and Stop Loss of 0.90090

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.89950, with Take Profit of 0.89540 and Stop Loss of 0.90090