Technical analysis AUDUSD for 14.07.2023

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 support is the level 0.68650. The closest resistance is the level 0.69125

Key levels

• 0.69725, 0.69125, 0.68650, 0.68175, 0.67725

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.69125, with Take Profit of 0.69725 and Stop Loss of 0.68650

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.68650, with Take Profit of 0.68175 and Stop Loss of 0.69125