Technical analysis AUDUSD for 23.02.2022
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. 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 0.72125. The closest resistance is the level 0.72650
Key levels
- 0.73450, 0.73075, 0.72650, 0.72125, 0.71550, 0.71050, 0.70525, 0.69875, 0.69200
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.72650, with Take Profit of 0.73075 and Stop Loss of 0.72450
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.72125, with Take Profit of 0.71550 and Stop Loss of 0.72650
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.