Technical analysis AUDCHF for 05.05.2022
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 ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 0.70500. The closest resistance is the level 0.71025
Key levels
- 0.71500, 0.71025, 0.70500, 0.69950, 0.69450, 0.69000, 0.68460
Trading scenario
- Recommended opening long positions (Buy) at the current price, with Take Profit of 0.71025 and Stop Loss of 0.70500
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.70500, with Take Profit of 0.69950 and Stop Loss of 0.70170