How To Make Money Today: AUD/USD Daily Market Analysis and Forex Trading Signals 31 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:

Areas of consideration H4 1st resistance at 0.75604

On the H4 timeframe, we see the potential for a bearish reversal from our 1st resistance at 0.75246 in line with 127.2% Fibonacci extension and -27.2% Fibonacci expansion towards our 1st support at 0.74427 in line with 23.6% Fibonacci retracement and 61.8% Fibonacci projection. Our bearish bias is supported by the stochastic indicator where price is at resistance level

Areas of consideration 

  • H4 1st resistance at 0.75246
  • H4 1st support at 0.74427
audusd analysis

Australia to impose tariff increases on all imports from Russia

The Australian government declared on Thursday that all imports from Russia would face tariff rises.

Imports from Russia will be subject to 35 percent duties beginning April 25.

Separately, Russian Foreign Minister Sergey Lavrov is believed to have said that “the existence of any US or NATO military infrastructure in nations bordering Afghanistan is unacceptable to Russia.”

Market reaction

The Antipodeans reacted negatively to the above announcement, with AUD/USD dropping below 0.7500 while the kiwi is testing lows near mid-0.6900s.

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