Technical analysis AUDCAD for 20.06.2022
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.90610. The closest support is the level 0.89980
Key levels
- 0.91470, 0.91110, 0.90610, 0.89980, 0.89670, 0.89360
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.90610, with Take Profit of 0.91110 and Stop Loss of 0.90280
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.89980, with Take Profit of 0.89670 and Stop Loss of 0.90280
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.