Technical analysis AUDUSD for 04.02.2022
The Tenkan-sen line is located above the Kijun-sen line. Red points downwards while blue points upwards. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Red points downwards while blue points upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 0.70300. The closest resistance is the level 0.70685
Key levels
- 0.72900, 0.72435, 0.72100, 0.71750, 0.71400, 0.71030, 0.70685, 0.70300, 0.69900
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.70685, with Take Profit of 0.71030 and Stop Loss of 0.70400
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.70300, with Take Profit of 0.69900 and Stop Loss of 0.70685
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.