Technical analysis AUDUSD for 03.02.2022
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 turned over from descending to ascending. Instrument has broken through the upper border of the cloud and continued to grow. The closest support is the level 0.7141. The closest resistance is the level 0.7180
Key levels
- 0.7315, 0.7275, 0.7230, 0.7180, 0.7141, 0.7095, 0.7040, 0.6975
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 0.7141, with Take Profit of 0.7230 and Stop Loss of 0.7095
Alternative scenario
- Recommended opening short positions (Sell Limit) from the level of 0.7230, with Take Profit of 0.7180 and Stop Loss of 0.7275
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.