Technical analysis AUDUSD for 15.06.2022

15.06.2022 18:09
Intraday
Technical

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 0.6930. The closest resistance is the level 0.6990

Key levels

  • 0.7265, 0.7165, 0.7100, 0.7045, 0.6990, 0.6930, 0.6830

Trading scenario

  • Recommended opening short positions (Sell) at the current price, with Take Profit of 0.6830 and Stop Loss of 0.6990

Alternative scenario

  • Recommended opening long positions (Buy Stop) from the level of 6990, with Take Profit of 0.7100 and Stop Loss of 0.6930
Scenario
Recommendation
SELL

Entry Point

Take Profit
0.6830

Stop Loss
0.6990

Key Levels
0.7265, 0.7165, 0.7100, 0.7045, 0.6990, 0.6930, 0.6830
Alternative scenario
Recommendation
BUY STOP

Entry Point
6990

Take Profit
0.7100

Stop Loss
0.6930