Technical analysis AUDUSD for 07.02.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument adjusted to the upper border of the cloud. The closest support is the level 0.7100. The closest resistance is the level 0.7145

Key levels

• 0.7310, 0.7230, 0.7180, 0.7145, 0.7100, 0.7055, 0.6975

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.7100, with Take Profit of 0.7145 and Stop Loss of 0.7055

Alternative scenario

• Recommended opening short positions (Sell Limit) from the level of 0.7145, with Take Profit of 0.7100 and Stop Loss of 0.7180