Technical analysis AUDUSD for 26.01.2022

The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span 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 is the level 0.7135. The closest resistance is the level 0.7180

Key levels

• 0.7315, 0.7275, 0.7210, 0.7180, 0.7135, 0.7100, 0.7060

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 0.7180, with Take Profit of 0.7135 and Stop Loss of 0.7210

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 0.7210, with Take Profit of 0.7275 and Stop Loss of 0.7180