How To Make Money Today: AUD/USD Daily Market Analysis and Forex Trading Signals 11 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 weekly chart, we can see that price can potentially dip from the 1st resistance level of 0.74439 which is also 127.2% Fibonacci extension. Price can move to the 1st support level of 0.71036 which is also 61.8% Fibonacci projection and 78.6% Fibonacci retracement. Our bearish bias is further supported by price trading below the Ichimoku cloud indicator.

On the daily chart, price is near the 1st resistance level of 0.73636 in line with 78.6% Fibonacci retracement. Price can potentially dip to the 1st support level of 0.71235 in line with 61.8% Fibonacci retracement. Our bearish bias is further supported by the stochastic indicator as it is near the resistance level.

On the H4 chart, price is near the 1st resistance level of 1.31763 in line with 61.8% Fibonacci retracement. Price can potentially dip to the 1st support level of 0.72488 in line with 38.2% Fibonacci retracement and 61.8% Fibonacci projection. Our bearish bias is further supported by the RSI indicator.

Areas of consideration 

  • H4 1st resistance at 0.73636
  • H4 1st support at 0.72488
audusd analysis

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