Technical analysis AUDCAD for 22.09.2023
22.09.2023 01:12
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Blue is directed downward, while red remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.86770. The closest support is the level 0.86250
Key levels
- 0.88160, 0.87490, 0.86770, 0.86250, 0.85230
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.86770, with Take Profit of 0.87490 and Stop Loss of 0.86490
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.86250, with Take Profit of 0.85230 and Stop Loss of 0.86490
Scenario
Recommendation
BUY STOP
Entry Point
0.86770
Take Profit
0.87490
Stop Loss
0.86490
Key Levels
0.88160, 0.87490, 0.86770, 0.86250, 0.85230
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.86250
Take Profit
0.85230
Stop Loss
0.86490