How To Make Money Today: AUD/USD Daily Market Analysis and Forex Trading Signals 08 March 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 timeframe, we see the potential for further bullish momentum from our 1st support at 0.73163 in line with 38.2% Fibonacci retracement and 100% Fibonacci projection towards our 1st resistance at 0.74263. which is in line with 127.20% Fibonacci extension, along with a graphical swing high resistance. Our bullish bias is further supported by prices trading above the Ichimoku cloud. Alternatively, prices from 1st support might dip to 2nd support at 0.72837 in line with 50% Fibonacci retracement.

Areas of consideration :

H4 1st support at 0.73163
H4 1st resistance at 0.7426

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