Technical analysis AUDUSD for 22.03.2022

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 trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 0.7440. The closest resistance is the level 0.7475

Key levels

• 0.7610, 0.7565, 0.7530, 0.7475, 0.7440, 0.7375, 0.7335, 0.7300

Trading scenario

• Recommended opening long positions (Buy) at the current price, with Take Profit of 0.7530 and Stop Loss of 0.7375

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.7375, with Take Profit of 0.7300 and Stop Loss of 0.7440