Technical analysis AUDCAD for 29.08.2023
29.08.2023 01:24
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Blue is directed upwards, while red remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.87990. The closest support is the level 0.86850
Key levels
0.90000, 0.89010, 0.87990, 0.86850, 0.85120
Trading scenario
Recommended opening long positions (Buy Stop) from the level of 0.87990, with Take Profit of 0.89010 and Stop Loss of 0.87420
Alternative scenario
Recommended opening short positions (Sell Stop) from the level of 0.86850, with Take Profit of 0.85120 and Stop Loss of 0.87420
Scenario
Recommendation
BUY STOP
Entry Point
0.87990
Take Profit
0.89010
Stop Loss
0.87420
Key Levels
0.90000, 0.89010, 0.87990, 0.86850, 0.85120
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.86850
Take Profit
0.85120
Stop Loss
0.87420