Technical analysis AUDUSD for 20.01.2022

The Tenkan-sen line is located below the Kijun-sen line. Red is directed up, while blue is directed down. Confirmatory line Chikou Span is below the price chart. In this case, the cloud turned over from ascending to descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 0.72400. The closest resistance is the level 0.72650

Key levels

• 0.73100, 0.72850, 0.72650, 0.72400, 0.72175, 0.71900, 0.71625, 0.71325

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.72650, with Take Profit of 0.72850 and Stop Loss of 0.72460

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.72400, with Take Profit of 0.72175 and Stop Loss of 0.72605