Technical analysis AUDUSD for 13.07.2023

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. 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 0.69500. The closest support is the level 0.68000

Key levels

• 0.70500, 0.70000, 0.69500, 0.68000, 0.67150, 0.66250

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.69500, with Take Profit of 0.70000 and Stop Loss of 0.68800

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.68000, with Take Profit of 0.67150 and Stop Loss of 0.68800