Technical analysis AUDUSD for 22.11.2021

The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud turned over from ascending to descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.72710. The closest support is the level 0.71700

Key levels

• 0.7555, 0.7460, 0.7405, 0.7361, 0.7317, 0.7271,0.7170

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 0.71700, with Take Profit of 0.72710 and Stop Loss of 0.72710

Alternative scenario

• Recommended opening short positions (Sell Limit) from the level of 0.7271, with Take Profit of 0.7170 and Stop Loss of 0.7170