Technical analysis AUDCAD for 19.10.2023

19.10.2023 17:26
Intradía
Técnico

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 traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.87010. The closest support is the level 0.86430

Key levels

  • 0.88130, 0.87550, 0.87010, 0.86430, 0.85940

Trading scenario

  • Recommended opening long positions (Buy Stop) from the level of 0.87010, with Take Profit of 0.87550 and Stop Loss of 0.86710

Alternative scenario

  • Recommended opening short positions (Sell Stop) from the level of 0.86430, with Take Profit of 0.85940 and Stop Loss of 0.86710

Guión
Recomendación
BUY STOP

Punto de entrada
0.87010

Take Profit
0.87550

Stop Loss
0.86710

Niveles clave
0.88130, 0.87550, 0.87010, 0.86430, 0.85940
Escenario alternativo
Recomendación
SELL STOP

Punto de entrada
0.86430

Take Profit
0.85940

Stop Loss
0.86710