Technical analysis AUDCAD for 19.10.2023
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 descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.87010. The closest support is the level 0.86430

Key levels
- 0.88130, 0.87550, 0.87010, 0.86430, 0.85940
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.87010, with Take Profit of 0.87550 and Stop Loss of 0.86710
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.86430, with Take Profit of 0.85940 and Stop Loss of 0.86710