How To Make Money Today: AUD/USD Daily Market Analysis and Forex Trading Signals 23 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:

On the H4 chart , price is near 1st support level of 0.72181 in line with 78.6% Fibonacci projection and 61.8% Fibonacci retracement. Price can potentially dip to the 2nd support level of 0.70914 in line with 78.6% Fibonacci projection and 61.8% Fibonacci retracement. Our bearish bias is supported by RSI indicator as it is abiding by a descending trendline

Areas of consideration:

H4 1st support at 0.72181
H4 2nd support at 0.70914

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