Technical analysis AUDUSD for 07.06.2022
07.06.2022 02:52
Intraday
Technical
The Tenkan-sen line approaches above the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.72210. The closest support is the level 0.71660
Key levels
- 0.72890, 0.72590, 0.72210, 0.71660, 0.71120, 0.70830
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.72210, with Take Profit of 0.72590 and Stop Loss of 0.71950
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.71660, with Take Profit of 0.71120 and Stop Loss of 0.71950
Scenario
Recommendation
BUY STOP
Entry Point
0.72210
Take Profit
0.72590
Stop Loss
0.71950
Key Levels
0.72890, 0.72590, 0.72210, 0.71660, 0.71120, 0.70830
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.71660
Take Profit
0.71120
Stop Loss
0.71950