Technical analysis AUDCHF for 23.06.2023

The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span crossed and fixed below the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 0.60375. The closest resistance is the level 0.60625

Key levels

• 0.61050, 0.60800, 0.60625, 0.60375, 0.60225

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 0.60625, with Take Profit of 0.60375 and Stop Loss of 0.60800

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 0.60800, with Take Profit of 0.61050 and Stop Loss of 0.60625