Technical analysis AUDUSD for 21.03.2022
The Tenkan-sen line is located above 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 is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 0.73575. The closest resistance is the level 0.73925
Key levels
- 0.74550, 0.74225, 0.73925, 0.73575, 0.73200, 0.72750, 0.72350, 0.71875
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.73925, with Take Profit of 0.74225 and Stop Loss of 0.73760
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.73575, with Take Profit of 0.73200 and Stop Loss of 0.73925