Technical analysis AUDUSD for 20.07.2023
20.07.2023 01:14
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 ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.68110. The closest support is the level 0.67190
Key levels
- 0.70500, 0.69910, 0.68110, 0.67190, 0.66700, 0.66270
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.68110, with Take Profit of 0.69910 and Stop Loss of 0.67550
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.67190, with Take Profit of 0.66700 and Stop Loss of 0.67550
Scenario
Recommendation
BUY STOP
Entry Point
0.68110
Take Profit
0.69910
Stop Loss
0.67550
Key Levels
0.70500, 0.69910, 0.68110, 0.67190, 0.66700, 0.66270
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.67190
Take Profit
0.66700
Stop Loss
0.67550