Technical analysis AUDCAD for 10.07.2023
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 trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.89490. The closest support is the level 0.88200

Key levels
- 0.91000, 0.90230, 0.89490, 0.88200, 0.87450
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.89490, with Take Profit of 0.90230 and Stop Loss of 0.88860
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.88200, with Take Profit of 0.87450 and Stop Loss of 0.88860