Technical analysis AUDUSD for 04.05.2022
04.05.2022 22:17
Intraday
Technical
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 descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 0.71750. The closest resistance is the level 0.72375
Key levels
- 0.73450, 0.72875, 0.72375, 0.71750, 0.71175, 0.70550
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.72375, with Take Profit of 0.72875 and Stop Loss of 0.72030
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.71750, with Take Profit of 0.71175 and Stop Loss of 0.72150
Scenario
Recommendation
BUY STOP
Entry Point
0.72375
Take Profit
0.72875
Stop Loss
0.72030
Key Levels
0.73450, 0.72875, 0.72375, 0.71750, 0.71175, 0.70550
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.71750
Take Profit
0.71175
Stop Loss
0.72150