Technical analysis AUDUSD for 11.07.2023
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span crossed and fixed below the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span crossed and fixed below the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 0.66550. The closest resistance is the level 0.67000
Key levels
- 0.67725, 0.67325, 0.67000, 0.66550, 0.66225
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 0.67000, with Take Profit of 0.66550 and Stop Loss of 0.67325
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 0.67325, with Take Profit of 0.67725 and Stop Loss of 0.67000
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.