Technical analysis AUDUSD for 10.03.2022

The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 0.7310. The closest resistance is the level 0.7360

Key levels

• 0.7550, 0.7485, 0.7440, 0.7360, 0.7310, 0.7270, 0.7225, 0.7175, 0.7095

Trading scenario

• Recommended opening long positions (Buy) at the current price, with Take Profit of 0.7440 and Stop Loss of 0.7310

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.7310, with Take Profit of 0.7225 and Stop Loss of 0.7360