Technical analysis AUDCAD for 15.06.2023
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 trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.90980. The closest support is the level 0.90550
Key levels
- 0.91630, 0.90980, 0.90550, 0.89970, 0.89420
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.90980, with Take Profit of 0.91630 and Stop Loss of 0.90765
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.90550, with Take Profit of 0.89970 and Stop Loss of 0.90765
Scenario
Recommendation
BUY STOP
Entry Point
0.90980
Take Profit
0.91630
Stop Loss
0.90765
Key Levels
0.91630, 0.90980, 0.90550, 0.89970, 0.89420
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.90550
Take Profit
0.89970
Stop Loss
0.90765
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.