Technical analysis AUDCAD for 10.07.2023
10.07.2023 01:31
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.89490. The closest support is the level 0.88200
Key levels
- 0.91000, 0.90230, 0.89490, 0.88200, 0.87450
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.89490, with Take Profit of 0.90230 and Stop Loss of 0.88860
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.88200, with Take Profit of 0.87450 and Stop Loss of 0.88860
Scenario
Recommendation
BUY STOP
Entry Point
0.89490
Take Profit
0.90230
Stop Loss
0.88860
Key Levels
0.91000, 0.90230, 0.89490, 0.88200, 0.87450
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.88200
Take Profit
0.87450
Stop Loss
0.88860