Technical analysis AUDUSD for 18.02.2022

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. 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 support is the level 0.7180. The closest resistance is the level 0.7230

Key levels

• 0.7310, 0.7230, 0.7180, 0.7145, 0.7100, 0.7055, 0.6975

Trading scenario

• Recommended opening short positions (Sell) at the current price, with Take Profit of 0.7100 and Stop Loss of 0.7230

Alternative scenario

• Recommended opening long positions (Buy Limit) from the level of 0.7100, with Take Profit of 0.7180 and Stop Loss of 0.7055