Technical analysis AUDUSD for 01.02.2022
The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is below 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 is below the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 0.70300. The closest resistance is the level 0.70932
Key levels
- 0.73082, 072435, 0.72102, 0.71741, 0.71400, 0.70932, 0.70300, 0.69900
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 0.70932, with Take Profit of 0.70300 and Stop Loss of 0.71400
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 0.71400, with Take Profit of 0.71741 and Stop Loss of 0.71130
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.