Technical analysis AUDUSD for 14.04.2022

The Tenkan-sen line is located above the Kijun-sen line. Both lines are 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 0.74450. The closest resistance is the level 0.74950

Key levels

• 0.76075, 0.75500, 0.74950, 0.74450, 0.73850, 0.73275

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 0.74450, with Take Profit of 0.74950 and Stop Loss of 0.74150

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.73850, with Take Profit of 0.73275 and Stop Loss of 0.74250