Technical analysis AUDUSD for 09.12.2021

The Tenkan-sen line is located above 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 traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.71775. The closest support is the level 0.71250

Key levels

• 0.73700, 0.72810, 0.72255, 0.71775, 0.71250, 0.70800, 0.70300, 0.69900

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 0.71775, with Take Profit of 0.71250 and Stop Loss of 0.72255

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.70800, with Take Profit of 0.70300 and Stop Loss of 0.71250