Technical analysis AUDCAD for 14.06.2023
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
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 traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.90250. The closest support is the level 0.89950
Key levels
- 0.90540, 0.90250, 0.89950, 0.89540, 0.89080
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.90250, with Take Profit of 0.90540 and Stop Loss of 0.90090
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.89950, with Take Profit of 0.89540 and Stop Loss of 0.90090
Scenario
Recommendation
BUY STOP
Entry Point
0.90250
Take Profit
0.90540
Stop Loss
0.90090
Key Levels
0.90540, 0.90250, 0.89950, 0.89540, 0.89080
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.89950
Take Profit
0.89540
Stop Loss
0.90090
Author
Nikolai Krishtopov
Market Analyst & Marketing Manager, Investizo
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.