Technical analysis AUDUSD for 26.04.2022

The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.72220. The closest support is the level 0.71280

Key levels

• 0.73390, 0.72830, 0.72220, 0.71280, 0.70680, 0.70030

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.72220, with Take Profit of 0.72830 and Stop Loss of 0.71700

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.71280, with Take Profit of 0.70680 and Stop Loss of 0.71700