Technical analysis AUDUSD for 10.01.2022
The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart
The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 0.7180. The closest resistance is the level 0.7230
Key levels
- 0.7370, 0.7285, 0.7230, 0.7180, 0.7130, 0.7080, 0.7000
Trading scenario
- Recommended opening short positions (Sell) at the current price, with Take Profit of 0.7130 and Stop Loss of 0.7200
Alternative scenario
- Recommended opening long positions (Buy Limit) from the level of 0.7230, with Take Profit of 0.7285 and Stop Loss of 0.7180
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.