Technical analysis AUDUSD for 10.01.2022

The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 0.7180. The closest resistance is the level 0.7230

Key levels

• 0.7370, 0.7285, 0.7230, 0.7180, 0.7130, 0.7080, 0.7000

Trading scenario

• Recommended opening short positions (Sell) at the current price, with Take Profit of 0.7130 and Stop Loss of 0.7200

Alternative scenario

• Recommended opening long positions (Buy Limit) from the level of 0.7230, with Take Profit of 0.7285 and Stop Loss of 0.7180