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How To Make Money Today: AUD/USD Daily Market Analysis and Forex Trading Signals 17 February 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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AUD/USD:

Price broke out of the descending channel.  Price is near the 1st resistance level of 0.72584 in line with 78.6% Fibonacci projection. Price can potentially dip to the 1st support level of 0.71144 in line with 127.2% Fibonacci projection and 61.8% Fibonacci retracement. Our bearish bias is supported by the stochastic indicator as it is near resistance level. 

Areas of consideration : 

  • H4 1st resistance of 0.72584
  • H4 1st support of 0.71144
audusd analysis

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