Technical analysis AUDUSD for 13.07.2023
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. 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 0.69500. The closest support is the level 0.68000
Key levels
- 0.70500, 0.70000, 0.69500, 0.68000, 0.67150, 0.66250
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.69500, with Take Profit of 0.70000 and Stop Loss of 0.68800
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.68000, with Take Profit of 0.67150 and Stop Loss of 0.68800
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.