Technical analysis AUDUSD for 18.02.2022
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 0.7180. The closest resistance is the level 0.7230
Key levels
- 0.7310, 0.7230, 0.7180, 0.7145, 0.7100, 0.7055, 0.6975
Trading scenario
- Recommended opening short positions (Sell) at the current price, with Take Profit of 0.7100 and Stop Loss of 0.7230
Alternative scenario
- Recommended opening long positions (Buy Limit) from the level of 0.7100, with Take Profit of 0.7180 and Stop Loss of 0.7055
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.