How To Make Money Today: AUD/USD Daily Market Analysis and Forex Trading Signals 6 April 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…
Looking for perfect daily analysis and/or a managed investment account with the world's biggest brokers and make stable 30% - 50% Return on Investment weekly?
Text us now on WhatsApp for more information! We are online waiting for you!
AUD/USD:
On the H4 timeframe, prices have bounced off a pivot. We see the potential for a dip from our 1st resistance at 0.76387 in line with 127.2% Fibonacci extension towards our 1st support at 0.74710 in line with 38.2% Fibonacci retracement. Our bearish bias is supported by RSI being at levels where dips previously occurred.
Areas of consideration
- H4 1st resistance at 0.76387
- H4 1st support at 0.74710
China’s covid outbreak, economic lockdowns, and the Australian dollar
A dramatic drop in Chinese services activity in March revealed how the current coronavirus outbreak-related lockdowns are affecting the country’s economic performance.
However, there seems to be no respite in sight, as the daily tally of new covid infections continues to set new highs. With 20,472 new infections reported in a single day, China set a new record, while Shanghai had nearly 17,000 new covid cases.
In light of this, Shanghai municipal officials issued new rules, stating that a new round of mass covid testing would begin on April 6 throughout the city.
The city’s lockdown restrictions would stay in place until the testing is completed, they noted.
Additional takeaways
Tests will be a mix of antigen and PCR tests for covid.
Will evaluate if lockdown needs to continue following the results of the latest test.
Treatment of minors during covid will still need to adhere to rules and regulations, but authorities are also considering their needs.
Has strengthened quality of care and set up specialized quarantine areas for minors.
Some parents, should they fulfil certain conditions, will be allowed to accompany their children.
Parents allowed to accompany their children will be asked to comply with protective measures.
According to Reuters, Chinese officials extended a COVID-19 lockdown in Shanghai to encompass all of the city’s 26 million residents on Tuesday, amid mounting public outrage over the city’s quarantine laws.
Investors are concerned about the aggressive Fed’s tightening and its possible effect on the economy, as well as the impending threats from the Russia-Ukraine situation, as risk aversion remains high in Asia.
Ahead of the crucial Fed March meeting minutes, the covid rebound in China is also a reason for worry.
As of writing, China’s Shanghai Composite Index is down 0.80% on the day, and the AUD/USD pair is facing a double whammy, meandering around lows of 0.7560.
Markets in mainland China have reopened after two days of official holidays.
Market reaction
0.0 pips spreads | 500:1 leverage
Daily Super Signals (Hit Take Profit targets: TP1 is 100% accurate, TP2 is 100% accurate, TP3 is 85% accurate)
[maxbutton id="18" url="https://tinyurl.com/bigroifx" text="Open Demo Account" ] [maxbutton id="17" url="https://tinyurl.com/bigroifx" text="Open Live Account" ]
This is how you can make €1000 income daily!
Register bellow and we will tell you how to do it (or we will do it for you.. for a small fee)
FOR DAILY SIGNALS, TECHNICAL VIEWS, MANAGED ACCOUNTS and other services with GUARANTEED PERFORMACE, simply text us on WhatsApp to get more info!
Click here to send a dircet text to us!
WhatsApp number: +447747535495
Daily Super Signals (Hit Take Profit targets: TP1 is 100% accurate, TP2 is 100% accurate, TP3 is 85% accurate)
[maxbutton id="18" ] [maxbutton id="17" ]
and gain access to the Premium Daily Signals, made by certified CFA traders with guaranteed minimum profit of 50 pips per trade (5 - 10 premium signals daily)
MAKE MORE MONEY
ENJOY YOUR LIFE! LEAVE THE TRADING TO US!
Text us for more info about our managed trading accounts!
