Technical analysis AUDUSD for 11.02.2022

The Tenkan-sen line is located above the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 0.7095. The closest resistance is the level 0.7141

Key levels

• 0.7315, 0.7275, 0.7230, 0.7180, 0.7141, 0.7095, 0.7040, 0.6975

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.7141, with Take Profit of 0.7230 and Stop Loss of 0.7095

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.7095, with Take Profit of 0.7040 and Stop Loss of 0.7141