Technical analysis AUDUSD for 25.11.2021

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 is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support and resistance levels are Tenkan-se and Kijun-sen, respectively. The closest resistance is the lower border of the cloud

Key levels

• 0.75750, 0.74275, 0.73725, 0.73375, 0.773050, 0.772775, 0.72425, 0.71850, 0.71040

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 0.72425, with Take Profit of 0.71850 and Stop Loss of 0.72775

Alternative scenario

• Recommended opening long positions (Buy Limit) from the level of 0.71850, with Take Profit of 0.72425 and Stop Loss of 0.71630