Technical analysis AUDUSD for 01.07.2022
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses from top to bottom 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 0.69130. The closest support is the level 0.68780
Key levels
- 0.69780, 0.69470, 0.69130, 0.68780, 0.68380, 0.68000
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.69130, with Take Profit of 0.69470 and Stop Loss of 0.68950
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.68780, with Take Profit of 0.68380 and Stop Loss of 0.68950
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.