{"id":53676,"date":"2022-04-20T13:34:07","date_gmt":"2022-04-20T03:34:07","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=53676"},"modified":"2022-04-20T13:34:07","modified_gmt":"2022-04-20T03:34:07","slug":"20th-april-2022-wednesday-technical-outlook-and-review","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/20th-april-2022-wednesday-technical-outlook-and-review\/","title":{"rendered":"20th April 2022 Wednesday: Technical Outlook and Review"},"content":{"rendered":"<h2><span style=\"font-weight: 400;\">DXY:<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">We see a potential for bearish dip from 1st resistance level of 100.973 in line with 138.2% Fibonacci extension and 78.6% Fibonacci projection towards the 1st support level of 99.434 in line with 50% Fibonacci retracement, along with a graphical pullback support. Alternatively, price might continue to rise to 2nd resistance level of 101.160 in line with 161.8% Fibonacci extension and 78.6% Fibonacci projection.<\/span><\/p>\n<p><b>Areas of consideration:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 1st resistance at 100.973<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 2nd resistance at 101.160<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 1st support at 99.434<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/DXY_2022-04-20_10-35-57.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-53680\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/DXY_2022-04-20_10-35-57-1024x556.png\" alt=\"\" width=\"660\" height=\"358\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/DXY_2022-04-20_10-35-57-1024x556.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/DXY_2022-04-20_10-35-57-300x163.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/DXY_2022-04-20_10-35-57-768x417.png 768w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/DXY_2022-04-20_10-35-57.png 1572w\" sizes=\"(max-width: 660px) 100vw, 660px\" \/><\/a><\/p>\n<h2><span style=\"font-weight: 400;\">XAU\/USD (GOLD):<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">We see that price is on a bearish momentum. Price can potentially dip from 1st resistance level of 1964.3 along with a graphical overlap resistance towards the 1st support level of 1917.7 in line with a horizontal swing low support.<\/span><\/p>\n<p><b>Areas of consideration:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame<\/span><span style=\"font-weight: 400;\">, 1st Resistance at 1964.3<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 1st Support at 1917.7<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/GC1_2022-04-20_10-42-26.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-53683\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/GC1_2022-04-20_10-42-26-1024x556.png\" alt=\"\" width=\"660\" height=\"358\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/GC1_2022-04-20_10-42-26-1024x556.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/GC1_2022-04-20_10-42-26-300x163.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/GC1_2022-04-20_10-42-26-768x417.png 768w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/GC1_2022-04-20_10-42-26.png 1572w\" sizes=\"(max-width: 660px) 100vw, 660px\" \/><\/a><\/p>\n<h2><span style=\"font-weight: 400;\">GBP\/USD:<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">On the H4 timeframe, <\/span><span style=\"font-weight: 400;\">we have a neutral bias. Price is abiding to the descending channel and trading below the ichimoku cloud. Therefore, price can potentially break through the 1st support level of 1.29935 along with a graphical swing low support to trigger a dip towards the 2nd support level of 1.29070 which is in line with 61.8% Fibonacci projection and 127.2% Fibonacci extension. Otherwise, price might break through the 1st resistance level of 1.30482 which is in line with 38.2% Fibonacci retracement and a pullback resistance to trigger a rise towards the 2nd resistance level of 1.31475 which is in line with 61.8% Fibonacci projection.<\/span><\/p>\n<p><b>Areas of consideration:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 1st resistance at 1.30482<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 2nd resistance at 1.31475<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 1st support at 1.29935<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 2nd support level at 1.29070<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/GBPUSD_2022-04-20_10-28-19.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-53682\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/GBPUSD_2022-04-20_10-28-19-1024x556.png\" alt=\"\" width=\"660\" height=\"358\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/GBPUSD_2022-04-20_10-28-19-1024x556.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/GBPUSD_2022-04-20_10-28-19-300x163.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/GBPUSD_2022-04-20_10-28-19-768x417.png 768w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/GBPUSD_2022-04-20_10-28-19.png 1572w\" sizes=\"(max-width: 660px) 100vw, 660px\" \/><\/a><\/p>\n<h2><span style=\"font-weight: 400;\">USD\/CHF:<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">On the H4, we see the potential for bearish reversal from our 1st resistance at 0.95325 in line with 100% FIbonacci projection and 127.2% Fibonacci extension and -27.2% Fibonacci expansion towards our 1st support at 0.94613 which is in line with 23.6% Fibonacci retracement and a graphical pullback support.\u00a0<\/span><\/p>\n<p><b>Areas of consideration<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">1st support level at <\/span><span style=\"font-weight: 400;\">0.94613<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">1st resistance level at<\/span> <span style=\"font-weight: 400;\">0.95325<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/USDCHF_2022-04-20_10-32-35.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-53686\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/USDCHF_2022-04-20_10-32-35-1024x556.png\" alt=\"\" width=\"660\" height=\"358\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/USDCHF_2022-04-20_10-32-35-1024x556.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/USDCHF_2022-04-20_10-32-35-300x163.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/USDCHF_2022-04-20_10-32-35-768x417.png 768w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/USDCHF_2022-04-20_10-32-35.png 1572w\" sizes=\"(max-width: 660px) 100vw, 660px\" \/><\/a><\/p>\n<h2><span style=\"font-weight: 400;\">EUR\/USD :<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">On the H4 timeframe, we have a neutral bias. Price is trading below the ichimoku cloud and thus, price can potentially break through the 1st support level of 1.07627 which is in line with 61.8% Fibonacci projection to trigger a dip towards the 2nd support level of 1.06395 along with a major horizontal swing low support. Otherwise, price might break through the 1st resistance level of 1.08183 which is in line with a pullback resistance to trigger a rise towards the 2nd resistance level of 1.09368 which is in line with 38.2% Fibonacci retracement.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Areas of consideration :<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 1st resistance at <\/span><span style=\"font-weight: 400;\">1.08183<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 2nd resistance at 1.09368<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 1st support at<\/span><span style=\"font-weight: 400;\"> 1.07627<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 2nd support at 1.06395<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/EURUSD_2022-04-20_10-20-19.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-53681\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/EURUSD_2022-04-20_10-20-19-1024x556.png\" alt=\"\" width=\"660\" height=\"358\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/EURUSD_2022-04-20_10-20-19-1024x556.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/EURUSD_2022-04-20_10-20-19-300x163.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/EURUSD_2022-04-20_10-20-19-768x417.png 768w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/EURUSD_2022-04-20_10-20-19.png 1572w\" sizes=\"(max-width: 660px) 100vw, 660px\" \/><\/a><\/p>\n<h2><span style=\"font-weight: 400;\">USD\/JPY:<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">We expect price to have a bearish reversal from 1st resistance level of 129.832 in line with weekly major 61.8% Fibonacci projection towards the 1st support level of 126.458 in line with 38.2% Fibonacci retracement. If price breaks through the 1st support level, it will trigger a dip towards the 2nd support level of 125.128 which is in line with 50% Fibonacci retracement.<\/span><\/p>\n<p><b>Areas of consideration:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 1st resistance at 129.832<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 1st support at 126.458<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 2nd support at 125.128<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/USDJPY_2022-04-20_10-50-41.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-53687\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/USDJPY_2022-04-20_10-50-41-1024x556.png\" alt=\"\" width=\"660\" height=\"358\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/USDJPY_2022-04-20_10-50-41-1024x556.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/USDJPY_2022-04-20_10-50-41-300x163.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/USDJPY_2022-04-20_10-50-41-768x417.png 768w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/USDJPY_2022-04-20_10-50-41.png 1572w\" sizes=\"(max-width: 660px) 100vw, 660px\" \/><\/a><\/p>\n<h2><span style=\"font-weight: 400;\">AUD\/USD:<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">On the H4 timeframe, price is abiding by the ascending trendline. We see the potential for a bearish reversal from 1st resistance at 0.74019 in line with 23.6% Fibonacci retracement towards the 1st support level at 0.73294 in line with 61.8% Fibonacci projection, 161.8% Fibonacci extension and -27.2% Fibonacci expansion. However, price might break through 1st resistance level to trigger to move towards 2nd resistance level at 0.74767 in line with a horizontal pullback resistance.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Areas of consideration\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 1st resistance at <\/span><span style=\"font-weight: 400;\">0.74019<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 2nd resistance at 0.74767<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 1st support at <\/span><span style=\"font-weight: 400;\">0.73294<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 2nd support at 0.72745<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/AUDUSD_2022-04-20_09-57-46.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-53678\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/AUDUSD_2022-04-20_09-57-46-1024x556.png\" alt=\"\" width=\"660\" height=\"358\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/AUDUSD_2022-04-20_09-57-46-1024x556.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/AUDUSD_2022-04-20_09-57-46-300x163.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/AUDUSD_2022-04-20_09-57-46-768x417.png 768w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/AUDUSD_2022-04-20_09-57-46.png 1572w\" sizes=\"(max-width: 660px) 100vw, 660px\" \/><\/a><\/p>\n<h2><span style=\"font-weight: 400;\">NZD\/USD:<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">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.<\/span><\/p>\n<p><b>Areas of consideration:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 1st support at<\/span> <span style=\"font-weight: 400;\">0.67208<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 2nd support at 0.66789<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 1st resistance at 0.67663<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 2nd resistance at 0.68063<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/NZDUSD_2022-04-20_10-05-00.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-53684\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/NZDUSD_2022-04-20_10-05-00-1024x556.png\" alt=\"\" width=\"660\" height=\"358\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/NZDUSD_2022-04-20_10-05-00-1024x556.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/NZDUSD_2022-04-20_10-05-00-300x163.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/NZDUSD_2022-04-20_10-05-00-768x417.png 768w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/NZDUSD_2022-04-20_10-05-00.png 1572w\" sizes=\"(max-width: 660px) 100vw, 660px\" \/><\/a><\/p>\n<h2><span style=\"font-weight: 400;\">USD\/CAD:<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Price is abiding by the descending trendline. We are expecting a bearish dip to occur from 1st resistance level of 1.26588 in line with 50% Fibonacci retracement towards the 1st support level of 1.25384 in line with 50% Fibonacci retracement and 61.8% Fibonacci projection. Alternatively, price might break through the key resistance level and rise to the 2nd resistance level of 1.27092 in line with 61.8% Fibonacci retracement and 61.8% Fibonacci projection.<\/span><\/p>\n<p><b>Areas of consideration:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 1st resistance at 1.26588<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 2nd resistance at 1.27092<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 1st support at 1.25384<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 2nd support at 1.24649<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/USDCAD_2022-04-20_10-57-09.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-53685\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/USDCAD_2022-04-20_10-57-09-1024x556.png\" alt=\"\" width=\"660\" height=\"358\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/USDCAD_2022-04-20_10-57-09-1024x556.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/USDCAD_2022-04-20_10-57-09-300x163.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/USDCAD_2022-04-20_10-57-09-768x417.png 768w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/USDCAD_2022-04-20_10-57-09.png 1572w\" sizes=\"(max-width: 660px) 100vw, 660px\" \/><\/a><\/p>\n<h2><span style=\"font-weight: 400;\">OIL:<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">We are expecting for a potential bullish bounce from 1st support level of 98.32 lines up with 61.8% Fibonacci retracement and 78.6% Fibonacci projection towards the 1st resistance level of 109.02 lines up with 61.8% retracement, 61.8% Fibonacci projection and 127.2% Fibonacci extension. Alternatively, price might break the key support level and continue to drop to the 2nd support level of 93.38 along with a horizontal swing low support.<\/span><\/p>\n<p><b>Areas of consideration:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 1st resistance of 109.02<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 1st support of <\/span><span style=\"font-weight: 400;\">98.32<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 2nd support of 93.38<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/CL1_2022-04-20_11-01-46.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-53679\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/CL1_2022-04-20_11-01-46-1024x556.png\" alt=\"\" width=\"660\" height=\"358\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/CL1_2022-04-20_11-01-46-1024x556.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/CL1_2022-04-20_11-01-46-300x163.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/CL1_2022-04-20_11-01-46-768x417.png 768w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/CL1_2022-04-20_11-01-46.png 1572w\" sizes=\"(max-width: 660px) 100vw, 660px\" \/><\/a><\/p>\n<h2><span style=\"font-weight: 400;\">Dow Jones Industrial Average:<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Price is near to the pivot level. We can see a potential for a bearish reversal from 1st resistance level of 34960 along with previous graphical swing high resistance towards the 1st support level of 34174 which lines up with 38.2% Fibonacci retracement. Alternatively, price might break the key resistance level and rise towards the 2nd resistance level of 35310 in line with graphical swing high resistance.<\/span><\/p>\n<p><b>Areas of consideration :\u00a0<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 1st resistance at 34960<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 2nd resistance at 35310<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 1st support at 34174<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/YM1_2022-04-20_11-07-49.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-53688\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/YM1_2022-04-20_11-07-49-1024x556.png\" alt=\"\" width=\"660\" height=\"358\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/YM1_2022-04-20_11-07-49-1024x556.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/YM1_2022-04-20_11-07-49-300x163.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/YM1_2022-04-20_11-07-49-768x417.png 768w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/04\/YM1_2022-04-20_11-07-49.png 1572w\" sizes=\"(max-width: 660px) 100vw, 660px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">The accuracy, completeness and timeliness of the information contained on this site cannot be guaranteed. IC Markets does not warranty, guarantee or make any representations, or assume any liability regarding financial results based on the use of the information in the site.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">News, views, opinions, recommendations and other information obtained from sources outside of www.icmarkets.com.au, used in this site are believed to be reliable, but we cannot guarantee their accuracy or completeness. All such information is subject to change at any time without notice. IC Markets assumes no responsibility for the content of any linked site.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The fact that such links may exist does not indicate approval or endorsement of any material contained on any linked site. IC Markets is not liable for any harm caused by the transmission, through accessing the services or information on this site, of a computer virus, or other computer code or programming device that might be used to access, delete, damage, disable, disrupt or otherwise impede in any manner, the operation of the site or of any user\u2019s software, hardware, data or property.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Price is near to the pivot level. We can see a potential for a bearish reversal from 1st resistance level of 34960 along with previous graphical swing high resistance towards the 1st support level of 34174 which lines up with 38.2% Fibonacci retracement. <\/p>\n","protected":false},"author":8,"featured_media":53677,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[340,215,339,195],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/53676"}],"collection":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/comments?post=53676"}],"version-history":[{"count":1,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/53676\/revisions"}],"predecessor-version":[{"id":53689,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/53676\/revisions\/53689"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/media\/53677"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/media?parent=53676"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=53676"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=53676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}