Technical analysis AUDCAD for 03.10.2023

03.10.2023 17:16
Intradía
Técnico

The Tenkan-sen line is located above the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.86820. The closest support is the level 0.86150

Key levels

  • 0.87850, 0.87340, 0.86820, 0.86150, 0.85720

Trading scenario

  • Recommended opening long positions (Buy Stop) from the level of 0.86820, with Take Profit of 0.87340 and Stop Loss of 0.86500

Alternative scenario

  • Recommended opening short positions (Sell Stop) from the level of 0.86150, with Take Profit of 0.85720 and Stop Loss of 0.86500

Guión
Recomendación
BUY STOP

Punto de entrada
0.86820

Take Profit
0.87340

Stop Loss
0.86500

Niveles clave
0.87850, 0.87340, 0.86820, 0.86150, 0.85720
Escenario alternativo
Recomendación
SELL STOP

Punto de entrada
0.86150

Take Profit
0.85720

Stop Loss
0.86500