Technical analysis AUDCHF for 23.08.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is 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 0.66165. The closest resistance is the level 0.66325

Key levels

• 0.66700, 0.66500, 0.66325, 0.66165, 0.65975

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.66325, with Take Profit of 0.66500 and Stop Loss of 0.66165

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.66165, with Take Profit of 0.65975 and Stop Loss of 0.66325