Technical analysis AUDCAD for 15.06.2023

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 trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.90980. The closest support is the level 0.90550

Key levels

• 0.91630, 0.90980, 0.90550, 0.89970, 0.89420

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.90980, with Take Profit of 0.91630 and Stop Loss of 0.90765

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.90550, with Take Profit of 0.89970 and Stop Loss of 0.90765