Technical analysis AUDUSD for 03.08.2022
03.08.2022 02:07
Intraday
Technical
Tenkan-sen and Kijun-sen lines are merged. Both lines are directed downward. Confirmatory line Chikou Span crossed and fixed below the price chart. In this case, the cloud is ascending. Instrument entered the cloud. The closest support is the level 0.6860. The closest resistance is the level 0.6915
Key levels
- 0.7070, 0.7025, 0.6990, 0.6960, 0.6915, 0.6860, 0.6850
Trading scenario
- Recommended opening short positions (Sell) at the current price, with Take Profit of 0.6815 and Stop Loss of 0.6960
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 0.6960, with Take Profit of 0.7025 and Stop Loss of 0.06915
Scenario
Recommendation
SELL
Entry Point
Take Profit
0.6815
Stop Loss
0.6960
Key Levels
0.7070, 0.7025, 0.6990, 0.6960, 0.6915, 0.6860, 0.6850
Alternative scenario
Recommendation
BUY STOP
Entry Point
0.6960
Take Profit
0.7025
Stop Loss
0.06915