Technical analysis AUDUSD for 27.04.2022
The Tenkan-sen line is located below 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 below the Tenkan-se and Kijun-sen lines. The closest support is the level 0.71375. The closest resistance is the level 0.72100
Key levels
- 0.73475, 0.72800, 0.72100, 0.71375, 0.70650, 0.70000
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 0.71375, with Take Profit of 0.70650 and Stop Loss of 0.72100
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 0.72100, with Take Profit of 0.72800 and Stop Loss of 0.71550