How To Make Money Today: NZD/USD Daily Market Analysis and Forex Trading Signals 20 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…

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NZD/USD:

On the H4, we expect to see a potential for a bearish reversal from our 1st resistance level of 0.67663 in line with a minor pullback resistance towards our 1st support level of 0.67208 in line with 61.8% Fibonacci retracement, 138.2% Fibonacci extension and -27.2% Fibonacci expansion. Alternatively, price might break through the 1st resistance level and trigger to rise towards the 2nd resistance level of 0.68063 in line with 23.6% Fibonacci retracement.

Areas of consideration:

H4 time frame, 1st support at 0.67208
H4 time frame, 2nd support at 0.66789
H4 time frame, 1st resistance at 0.67663
H4 time frame, 2nd resistance at 0.68063

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