Technical analysis AUDUSD for 17.03.2022

The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.73576. The closest support is the level 0.73196

Key levels

• 0.74565, 0.74215, 0.73916, 0.73576, 0.73196, 0.72745, 0.72365, 0.71878

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 0.73196, with Take Profit of 0.72745 and Stop Loss of 0.73576

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 0.73576, with Take Profit of 0.73916 and Stop Loss of 0.73450