{"id":54874,"date":"2022-06-13T12:51:43","date_gmt":"2022-06-13T02:51:43","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=54874"},"modified":"2022-06-13T12:51:43","modified_gmt":"2022-06-13T02:51:43","slug":"13th-june-2022-monday-technical-outlook-and-review","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/13th-june-2022-monday-technical-outlook-and-review\/","title":{"rendered":"13th June 2022 Monday: Technical Outlook and Review"},"content":{"rendered":"<h2><span style=\"font-weight: 400;\">DXY:<\/span><\/h2>\n<p><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">On the H4, <\/span><span style=\"font-weight: 400;\">with prices moving above the ichimoku indicator, we have a bullish bias that price will rise to our 1st resistance at 105.017 where the horizontal swing high resistance and 127.2% fibonacci extension are from our 1st support at 103.206 in line with the horizontal pullback support. Alternatively, price may break 1st support structure and head for 2nd support at 103.159 where the horizontal overlap 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 at <\/span><span style=\"font-weight: 400;\">105.017<\/span><\/li>\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;\">103.206<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/DXY_2022-06-13_09-25-03.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-54878\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/DXY_2022-06-13_09-25-03-1024x604.png\" alt=\"\" width=\"660\" height=\"389\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/DXY_2022-06-13_09-25-03-1024x604.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/DXY_2022-06-13_09-25-03-300x177.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/DXY_2022-06-13_09-25-03-768x453.png 768w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/DXY_2022-06-13_09-25-03.png 1483w\" 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;\">On the H4, with prices moving above the ichimoku indicator, we have a bullish bias that prices will rise from our 1st support at 1864.09 where the horizontal pullback support is to our 1st resistance\u00a0 at 1891.77 in line with overlap resistance and 50% fibonacci retracement. Alternatively, price may break 1st support structure and head for 2nd support at 1843.17 in line with pullback support and 38.2% fibonacci retracement.<\/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<\/span><span style=\"font-weight: 400;\">, 1st Resistance at 1891.77<\/span><\/li>\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;\">1864.09<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/XAUUSD_2022-06-13_09-14-04.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-54885\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/XAUUSD_2022-06-13_09-14-04-1024x602.png\" alt=\"\" width=\"660\" height=\"388\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/XAUUSD_2022-06-13_09-14-04-1024x602.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/XAUUSD_2022-06-13_09-14-04-300x176.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/XAUUSD_2022-06-13_09-14-04-768x452.png 768w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/XAUUSD_2022-06-13_09-14-04.png 1483w\" sizes=\"(max-width: 660px) 100vw, 660px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<h2><span style=\"font-weight: 400;\">GBP\/USD:<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">On the H4, with prices moving below the ichimoku indicator, we have a bearish bias that price will drop from our 1st resistance at 1.23903 where the horizontal overlap resistance is to our 1st support at <\/span><span style=\"font-weight: 400;\">1.21663<\/span><span style=\"font-weight: 400;\"> in line with the 78.6% fibonacci projection and swing low support. Alternatively, price may break 1st resistance structure and head for 2nd resistance at 1.24625 where the horizontal overlap resistance is.<\/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 <\/span><span style=\"font-weight: 400;\">1.23903<\/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;\">1.21663<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/GBPUSD_2022-06-13_09-48-37.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-54880\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/GBPUSD_2022-06-13_09-48-37-1024x602.png\" alt=\"\" width=\"660\" height=\"388\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/GBPUSD_2022-06-13_09-48-37-1024x602.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/GBPUSD_2022-06-13_09-48-37-300x176.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/GBPUSD_2022-06-13_09-48-37-768x452.png 768w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/GBPUSD_2022-06-13_09-48-37.png 1483w\" 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, with price moving above the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at <\/span><span style=\"font-weight: 400;\">1.00556 <\/span><span style=\"font-weight: 400;\">where the horizontal swing high resistance and 61.8% Fibonacci retracement is from our 1st support at 0.98059 in line with the horizontal pullback support is. Alternatively, price may break structure and head for 2nd support where the horizontal pullback support is..<\/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;\">0.98059<\/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;\">\u00a0<\/span><span style=\"font-weight: 400;\">1.00556<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/USDCHF_2022-06-13_04-24-42.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-54883\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/USDCHF_2022-06-13_04-24-42-1024x464.png\" alt=\"\" width=\"660\" height=\"299\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/USDCHF_2022-06-13_04-24-42-1024x464.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/USDCHF_2022-06-13_04-24-42-300x136.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/USDCHF_2022-06-13_04-24-42-768x348.png 768w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/USDCHF_2022-06-13_04-24-42.png 1353w\" sizes=\"(max-width: 660px) 100vw, 660px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<h2><span style=\"font-weight: 400;\">EUR\/USD :<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">On the H4. with price moving below the ichimoku cloud, we have a bearish bias that price will continue to drop from our 1st resistance at 1.06369 in line with the 38.2% fibonacci retracement, pullback resistance and 78.6% fibonacci projection to the 1st support at 1.03593 in line with the 78.6% fibonacci projection and horizontal swing low. Alternatively, price may reverse to the 1st resistance and rise to the 2nd resistance at 1.07871 in line with the swing high.<\/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;\">1.06369<\/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;\">1.03593<\/span><\/li>\n<\/ul>\n<h2><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/EURUSD_2022-06-13_10-25-59.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-54879\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/EURUSD_2022-06-13_10-25-59-1024x623.png\" alt=\"\" width=\"660\" height=\"402\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/EURUSD_2022-06-13_10-25-59-1024x623.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/EURUSD_2022-06-13_10-25-59-300x182.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/EURUSD_2022-06-13_10-25-59-768x467.png 768w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/EURUSD_2022-06-13_10-25-59.png 1491w\" sizes=\"(max-width: 660px) 100vw, 660px\" \/><\/a><\/h2>\n<h2><span style=\"font-weight: 400;\">USD\/JPY:<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">On the H4, with prices moving above the ichimoku indicator, we have a bullish bias that price will rise from our 1st support at <\/span><span style=\"font-weight: 400;\">133.638<\/span><span style=\"font-weight: 400;\"> where the horizontal swing low support is to our 1st resistance at <\/span><span style=\"font-weight: 400;\">136.314<\/span><span style=\"font-weight: 400;\"> in line with the 100% fibonacci projection. Alternatively, price may break 1st support structure and head for 2nd support at <\/span><span style=\"font-weight: 400;\">131.259<\/span><span style=\"font-weight: 400;\"> where the horizontal overlap support is.<\/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 <\/span><span style=\"font-weight: 400;\">136.314<\/span><\/li>\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;\">133.020<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/USDJPY_2022-06-13_09-29-18.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-54884\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/USDJPY_2022-06-13_09-29-18-1024x604.png\" alt=\"\" width=\"660\" height=\"389\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/USDJPY_2022-06-13_09-29-18-1024x604.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/USDJPY_2022-06-13_09-29-18-300x177.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/USDJPY_2022-06-13_09-29-18-768x453.png 768w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/USDJPY_2022-06-13_09-29-18.png 1483w\" 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, with price moving below the ichimoku cloud, we have a bearish bias that price will continue to drop from the 1st resistance at 0.72318 in line with the 61.85 fibonacci retracement to the 1st support at 0.6881 in line with the 100% fibonacci projection. Alternatively, price may reverse off the 1st resistance and rise to the 2nd resistance at 0.73491 at the pullback resistance,\u00a0<\/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;\"> 0.72318<\/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;\">\u00a00.6881<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/AUDUSD_2022-06-13_09-59-00.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-54876\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/AUDUSD_2022-06-13_09-59-00-1024x584.png\" alt=\"\" width=\"660\" height=\"376\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/AUDUSD_2022-06-13_09-59-00-1024x584.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/AUDUSD_2022-06-13_09-59-00-300x171.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/AUDUSD_2022-06-13_09-59-00-768x438.png 768w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/AUDUSD_2022-06-13_09-59-00.png 1491w\" 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, with price moving below the ichimoku cloud, we have a bearish bias that price will drop from the 1st resistance at 0.64228 in line with the overlap resistance and 78.6% fibonacci projection, to the 1st support at 0.62916 in line with the 78.6% fibonacci projection. Alternatively, price may reverse off the 1st resistance and rise to the 2nd resistance at 0.65641 in line with the 50% fibnonacci retracement.\u00a0\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;\">H4 time frame, 1st support at<\/span> <span style=\"font-weight: 400;\">\u00a00.62916<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 1st resistance at 0.64228<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/NZDUSD_2022-06-13_09-55-27.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-54881\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/NZDUSD_2022-06-13_09-55-27-1024x623.png\" alt=\"\" width=\"660\" height=\"402\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/NZDUSD_2022-06-13_09-55-27-1024x623.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/NZDUSD_2022-06-13_09-55-27-300x182.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/NZDUSD_2022-06-13_09-55-27-768x467.png 768w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/NZDUSD_2022-06-13_09-55-27.png 1491w\" 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;\">On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise from our 1st support at <\/span><span style=\"font-weight: 400;\">1.27639 <\/span><span style=\"font-weight: 400;\">where the horizontal pullback support is to our 1st resistance at 1.28896 in line with the 61.8% fibonacci retracement and horizontal swing high resistance. Alternatively, price may break structure and head for 2nd support where the horizontal pullback support is.\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;\">H4 time frame, 1st resistance at 1.28896<\/span><\/li>\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;\">1.27639<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/USDCAD_2022-06-13_04-23-51.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-54882\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/USDCAD_2022-06-13_04-23-51-1024x464.png\" alt=\"\" width=\"660\" height=\"299\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/USDCAD_2022-06-13_04-23-51-1024x464.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/USDCAD_2022-06-13_04-23-51-300x136.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/USDCAD_2022-06-13_04-23-51-768x348.png 768w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/USDCAD_2022-06-13_04-23-51.png 1353w\" 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;\">On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise from our 1st support at 117.76<\/span> <span style=\"font-weight: 400;\">where the horizontal pullback support is to our 1st resistance at <\/span><span style=\"font-weight: 400;\">123.12<\/span><span style=\"font-weight: 400;\"> in line with the\u00a0 127.2% fibonacci extension. Alternatively, price may break structure and head for 2nd support at 112.21.\u00a0<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/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 123.12<\/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;\">117.76<\/span><\/li>\n<\/ul>\n<h2><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/CL1_2022-06-13_04-22-53.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-54877\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/CL1_2022-06-13_04-22-53-1024x507.png\" alt=\"\" width=\"660\" height=\"327\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/CL1_2022-06-13_04-22-53-1024x507.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/CL1_2022-06-13_04-22-53-300x149.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/CL1_2022-06-13_04-22-53-768x380.png 768w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/CL1_2022-06-13_04-22-53.png 1353w\" sizes=\"(max-width: 660px) 100vw, 660px\" \/><\/a><\/h2>\n<h2><span style=\"font-weight: 400;\">Dow Jones Industrial Average:<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">On the H4, with moving below our ichimoku cloud, we have a bearish bias that price will drop to our 1st support at 30537 in line with the horizontal swing low support and the 61.8% Fibonacci projection from our 1st resistance at 32589 where the pullback resistance is. Alternatively, price may break structure and head for our 2nd resistance at 33499 in line with the horizontal 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 32589<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 1st support at 30537<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/YM1_2022-06-13_04-26-26.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-54886\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/YM1_2022-06-13_04-26-26-1024x464.png\" alt=\"\" width=\"660\" height=\"299\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/YM1_2022-06-13_04-26-26-1024x464.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/YM1_2022-06-13_04-26-26-300x136.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/YM1_2022-06-13_04-26-26-768x348.png 768w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/06\/YM1_2022-06-13_04-26-26.png 1353w\" 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>On the H4, with moving below our ichimoku cloud, we have a bearish bias that price will drop to our 1st support at 30537 in line with the horizontal swing low support and the 61.8% Fibonacci projection from our 1st resistance at 32589 where the pullback resistance is.<\/p>\n","protected":false},"author":8,"featured_media":54875,"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\/54874"}],"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=54874"}],"version-history":[{"count":1,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/54874\/revisions"}],"predecessor-version":[{"id":54887,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/54874\/revisions\/54887"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/media\/54875"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/media?parent=54874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=54874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=54874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}