Technical analysis AUDUSD for 08.08.2022
08.08.2022 02:04
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 0.6960. The closest resistance is the level 0.6860
Key levels
- 0.7070, 0.7025, 0.6990, 0.6960, 0.6915, 0.6860, 0.6805
Trading scenario
- Recommended opening short positions (Sell) at the current price, with Take Profit of 0.6860 and Stop Loss of 0.6960
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 0.6960, with Take Profit of 0.7025 and Stop Loss of 0.6915
Scenario
Recommendation
SELL
Entry Point
Take Profit
0.6860
Stop Loss
0.6960
Key Levels
0.7070, 0.7025, 0.6990, 0.6960, 0.6915, 0.6860, 0.6805
Alternative scenario
Recommendation
BUY STOP
Entry Point
0.6960
Take Profit
0.7025
Stop Loss
0.6915