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How To Make Money Today: NZD/USD Daily Market Analysis and Forex Trading Signals 14 January 2022

To assist you to make a good day-trading selection, we’ll cover the newest forex market analysis. Make more money today with our market analysis. You must know how to trade first and have at least a simple understanding of chart patterns. Aside from that, we’ll cover some basic tips and methods that can aid anybody curious in day trading strategies. So let’s start by looking at some charts from today…

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NZD/USD:

On the weekly, prices are on a bullish momentum. We see potential for a bounce at 1st support at 0.67556  in line with 23.6% Fibonacci retracement towards 1st resistance at 61.8% Fibonacci retracement. Technical indicators are showing bullish momentum. Alternatively, if prices break our 1st support, we might find it dipping towards our 2nd support at 0.69794 in line with 61.8% and 78.6% Fibonacci retracement.

On the daily, prices are consolidating in a channel. We see potential for prices to dip from our 1st resistance at 0.68596 in line with 100% Fibonacci retracement towards our 1st support at 0.67901 in line with 61.8% Fibonacci retracement. Ichimoku clouds are forecasting the dips.

On the H4 timeframe, prices are at a daily support and strong graphical overlap. We see potential for prices to bounce from our 1st support at 0.68588 in line with 23.6% Fibonacci retracement towards our 1st resistance at 0.68815 in line with 78.6% Fibonacci extension. Our bias is further supported by the Ichimoku Clouds forecasting bullish momentum and also RSI portraying an upward trend.  If prices break our 1st support, we can potentially find prices dipping towards our 2nd support at 0.68324 in line with 61.8% Fibonacci retracement.

Areas of consideration:

  • H4 time frame, 1st resistance at 0.68815
  • H4 time frame, 1st support at 0.68588
nzdusd forecast

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