{"id":55504,"date":"2022-07-13T14:05:59","date_gmt":"2022-07-13T04:05:59","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=55504"},"modified":"2022-07-13T14:05:59","modified_gmt":"2022-07-13T04:05:59","slug":"13th-july-2022-wednesday-technical-outlook-and-review","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/13th-july-2022-wednesday-technical-outlook-and-review\/","title":{"rendered":"13th July 2022 Wednesday: 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 and along the ascending trendline, we have a bullish bias that prices will drop and rise from 1st support at 105.794 where the pullback support and 61.8% fibonacci retracement are to 1st resistance at 111.831 in line with 100% fibonacci projection and 78.6% fibonacci projection. Alternatively, price may break 1st support structure and drop to 2nd support at 103.401 where the horizontal swing low support and -27.2% fibonacci expansion are.<\/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;\">111.831<\/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;\">105.794<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/DXY_2022-07-13_09-28-30.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-55508\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/DXY_2022-07-13_09-28-30-1024x600.png\" alt=\"\" width=\"660\" height=\"387\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/DXY_2022-07-13_09-28-30-1024x600.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/DXY_2022-07-13_09-28-30-300x176.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/DXY_2022-07-13_09-28-30-768x450.png 768w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/DXY_2022-07-13_09-28-30.png 1497w\" 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 below the ichimoku indicator and along a descending trendline, we have a bearish bias that prices will drop to our 1st support at 1721.41 where the horizontal swing low support and 78.6% fibonacci projection are. Once we have downside confirmation of price breaking 1st support structure, we would expect bearish momentum to carry price to 2nd support at 1678.73 in line with swing low support and 100% fibonacci projection. Alternatively, price could rise to our 1st resistance\u00a0 at 1760.80 in line with overlap resistance, 23.6% fibonacci retracement and 61.8% fibonacci projection.<\/span><span style=\"font-weight: 400;\"><\/p>\n<p><\/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 1760.80<\/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;\">1721.41<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/XAUUSD_2022-07-13_09-27-38.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-55515\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/XAUUSD_2022-07-13_09-27-38-1024x601.png\" alt=\"\" width=\"660\" height=\"387\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/XAUUSD_2022-07-13_09-27-38-1024x601.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/XAUUSD_2022-07-13_09-27-38-300x176.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/XAUUSD_2022-07-13_09-27-38-768x451.png 768w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/XAUUSD_2022-07-13_09-27-38.png 1491w\" 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, with prices moving below the ichimoku indicator and within the descending channel, we have a bearish bias that price will drop to our 1st support at 1.18748 where the pullback support and 38.2% fibonacci retracement are. Once there is downside confirmation of price breaking 1st support, we would expect bearish momentum to carry price to our 2nd support at 1.17638 where the 61.8% fibonacci projection and 161.8% fibonacci extension are. Alternatively, price could rise to 1st resistance at <\/span><span style=\"font-weight: 400;\">1.19206<\/span><span style=\"font-weight: 400;\"> in line with the pullback resistance.\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 1st resistance at <\/span><span style=\"font-weight: 400;\">1.19206<\/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;\"> 1.18748\u00a0<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/GBPUSD_2022-07-13_09-42-47.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-55510\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/GBPUSD_2022-07-13_09-42-47-1024x600.png\" alt=\"\" width=\"660\" height=\"387\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/GBPUSD_2022-07-13_09-42-47-1024x600.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/GBPUSD_2022-07-13_09-42-47-300x176.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/GBPUSD_2022-07-13_09-42-47-768x450.png 768w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/GBPUSD_2022-07-13_09-42-47.png 1495w\" 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 from our 1st support at 0.97233 where the horizontal pullback support is to our 1st resistance at 1.00485 in line with the 100% Fibonacci projection is. Alternatively, price may not break 1st support and head for 2nd support at 0.95268 where the horizontal 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;\">\u00a0 0.97233<\/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;\">1.00485<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/USDCHF_2022-07-13_09-19-02.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-55513\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/USDCHF_2022-07-13_09-19-02-1024x701.png\" alt=\"\" width=\"660\" height=\"452\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/USDCHF_2022-07-13_09-19-02.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/USDCHF_2022-07-13_09-19-02-300x205.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/USDCHF_2022-07-13_09-19-02-768x526.png 768w\" 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, with price moving in an ascending trendline on our RSI, we have a bullish bias that price will rise from our 1st support at 0.99972 in line with the swing low and 100% fibonacci projection to the 1st resistance at 1.03587 at the pullback resistance. Alternatively, price may break the support structure at 1st support and drop to the 2nd support at 0.98416 in line with the -61.8% fibonacci expansion.<\/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;\">1.03587<\/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;\">0.99972<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/EURUSD_2022-07-13_08-51-12.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-55509\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/EURUSD_2022-07-13_08-51-12-1024x617.png\" alt=\"\" width=\"660\" height=\"398\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/EURUSD_2022-07-13_08-51-12-1024x617.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/EURUSD_2022-07-13_08-51-12-300x181.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/EURUSD_2022-07-13_08-51-12-768x463.png 768w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/EURUSD_2022-07-13_08-51-12.png 1504w\" 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;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">On the H4, with price moving along an ascending trendline and above the ichimoku indicator, we have a bullish bias that price will rise from our 1st support at 136.706 where the overlap support is to our 1st resistance at <\/span><span style=\"font-weight: 400;\">140.025<\/span><span style=\"font-weight: 400;\"> in line with the -61.8% fibonacci expansion and 100% fibonacci projection. Alternatively, price could break 1st support and drop to 2nd support at<\/span> <span style=\"font-weight: 400;\">134.292<\/span><span style=\"font-weight: 400;\"> in line with the swing low support and 127.2% fibonacci extension.\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 <\/span><span style=\"font-weight: 400;\">140.025<\/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;\">136.706<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/USDJPY_2022-07-13_09-36-23.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-55514\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/USDJPY_2022-07-13_09-36-23-1024x617.png\" alt=\"\" width=\"660\" height=\"398\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/USDJPY_2022-07-13_09-36-23-1024x617.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/USDJPY_2022-07-13_09-36-23-300x181.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/USDJPY_2022-07-13_09-36-23-768x463.png 768w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/USDJPY_2022-07-13_09-36-23.png 1504w\" 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 and in a descending trendline, we have a bearish bias that price will continue to drop from the 1st resistance at 0.67685 in line with the 100% and 78.6% fibonacci projections to the 1st support at 0.65667 in line with the 161.8% fibonacci extension and 78.6% fibonacci projection. Alternatively, price may reverse off the 1st resistance and rise to the 2nd resistance at 0.68487 in line with the overlap swing high and\u00a0 61.8% fibonacci projection<\/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;\">0.67685<\/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;\">0.65667<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/AUDUSD_2022-07-13_09-28-09.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-55506\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/AUDUSD_2022-07-13_09-28-09-1024x617.png\" alt=\"\" width=\"660\" height=\"398\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/AUDUSD_2022-07-13_09-28-09-1024x617.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/AUDUSD_2022-07-13_09-28-09-300x181.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/AUDUSD_2022-07-13_09-28-09-768x463.png 768w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/AUDUSD_2022-07-13_09-28-09.png 1504w\" 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 and in a descending trendline, we have a bearish bias that price will continue to drop from the 1st resistance at 0.61138 in line with the 127.2% fibonacci extension and 78.6% fibonacci projection to the 1st support at 0.61106 in line with the 161.8% fibonacci extension and 100% fibonacci projection. Alternatively, price may reverse off the 1st resistance and rise to the 2nd resistance at 0.62039 in line with the overlap swing high.<\/span><\/p>\n<p><b>Areas of consideration:<\/b><\/p>\n<ul>\n<li>H4 time frame, 1st support at 0.61106<\/li>\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;\">.61138<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/NZDUSD_2022-07-13_09-15-28.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-55511\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/NZDUSD_2022-07-13_09-15-28-1024x578.png\" alt=\"\" width=\"660\" height=\"373\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/NZDUSD_2022-07-13_09-15-28-1024x578.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/NZDUSD_2022-07-13_09-15-28-300x169.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/NZDUSD_2022-07-13_09-15-28-768x434.png 768w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/NZDUSD_2022-07-13_09-15-28.png 1504w\" 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 1.29525 where the horizontal pullback support and fibonacci confluence are to our 1st resistance at 1.30780 in line with the horizontal swing high resistance. Alternatively, price may not break 1st support and head for 2nd support where the horizontal swing low 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 1.30780<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 1st support at 1.29525<\/span><\/li>\n<\/ul>\n<h2><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/USDCAD_2022-07-13_09-19-12.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-55512\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/USDCAD_2022-07-13_09-19-12-1024x701.png\" alt=\"\" width=\"660\" height=\"452\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/USDCAD_2022-07-13_09-19-12.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/USDCAD_2022-07-13_09-19-12-300x205.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/USDCAD_2022-07-13_09-19-12-768x526.png 768w\" sizes=\"(max-width: 660px) 100vw, 660px\" \/><\/a><\/h2>\n<h2><span style=\"font-weight: 400;\">OIL:<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">On the H4, with price moving below the ichimoku cloud, we have a bearish bias that price will drop to our 1st support at 89.44 where the 161.8% Fibonacci extension is from our 1st resistance at 96.93 in line with the horizontal pullback resistance and 50% Fibonacci retracement. Alternatively, price may break 1st resistance and head for 2nd resistance at 104.77 where the horizontal pullback resistance and 50% Fibonacci retracement is.<\/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<\/span><span style=\"font-weight: 400;\"> 96.93<\/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;\"> 89.44<\/span><\/li>\n<\/ul>\n<h2><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/CL1_2022-07-13_09-20-57.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-55507\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/CL1_2022-07-13_09-20-57-1024x701.png\" alt=\"\" width=\"660\" height=\"452\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/CL1_2022-07-13_09-20-57.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/CL1_2022-07-13_09-20-57-300x205.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/CL1_2022-07-13_09-20-57-768x526.png 768w\" 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 price moving above the ichimoku cloud, we have a bullish bias that price will rise from our 1st support at 31218 where the horizontal pullback support is to our 1st resistance at 31866 in line with the horizontal swing high resistance. Alternatively, price may not break 1st support and head for 2nd support at 30434 where the horizontal swing low support is.\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 <\/span><span style=\"font-weight: 400;\">31866<\/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;\">31218<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/YM1_2022-07-13_09-18-54.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-large wp-image-55516\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/YM1_2022-07-13_09-18-54-1024x758.png\" alt=\"\" width=\"660\" height=\"489\" srcset=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/YM1_2022-07-13_09-18-54.png 1024w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/YM1_2022-07-13_09-18-54-300x222.png 300w, https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/07\/YM1_2022-07-13_09-18-54-768x569.png 768w\" 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 price moving below the ichimoku cloud, we have a bearish bias that price will drop to our 1st support at 89.44 where the 161.8% Fibonacci extension is from our 1st resistance at 96.93 in line with the horizontal pullback resistance and 50% Fibonacci retracement. <\/p>\n","protected":false},"author":8,"featured_media":55505,"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\/55504"}],"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=55504"}],"version-history":[{"count":1,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/55504\/revisions"}],"predecessor-version":[{"id":55517,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/55504\/revisions\/55517"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/media\/55505"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/media?parent=55504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=55504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=55504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}