Technical analysis AUDUSD for 02.02.2023
02.02.2023 03:16
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span crosses bottom upward the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.71950. The closest support is the level 0.71000
Key levels
- 0.73170, 0.72590, 0.71950, 0.71000, 0.70530, 0.70060
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.71950, with Take Profit of 0.72590 and Stop Loss of 0.71450
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.71000, with Take Profit of 0.70530 and Stop Loss of 0.71450
Scenario
Recommendation
BUY STOP
Entry Point
0.71950
Take Profit
0.72590
Stop Loss
0.71450
Key Levels
0.73170, 0.72590, 0.71950, 0.71000, 0.70530, 0.70060
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.71000
Take Profit
0.70530
Stop Loss
0.71450