{"id":51590,"date":"2022-01-12T14:37:56","date_gmt":"2022-01-12T03:37:56","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=51590"},"modified":"2022-01-12T14:37:56","modified_gmt":"2022-01-12T03:37:56","slug":"wednesday-12th-january-2022-technical-outlook-and-review","status":"publish","type":"post","link":"https:\/\/www.icmarkets-vnk.com\/blog\/wednesday-12th-january-2022-technical-outlook-and-review\/","title":{"rendered":"Wednesday 12th January 2022 : Technical Outlook and Review"},"content":{"rendered":"<h2><span style=\"font-weight: 400;\">DXY:<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">On the H4 timeframe, prices are on bearish momentum and abiding to our bearish trendline. We would expect further bearish continuation to test our 1st support at 95.518 in line with 100% Fibonacci extension and 78.6% Fibonacci retracement. Breaking our 1st support may find prices dipping further towards our 2nd support at 95.368 in line with 127.2% Fibonacci extension and 100% Fibonacci extension. Our bearish bias is further supported by prices trading below ichimoku clouds and RSI forecasting bearish momentum. Alternatively, prices may bounce towards our 1st resistance at 95.849 in line with 50% 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 95.849<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 1st support at 95.518<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/DXY_2022-01-12.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-51596\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/DXY_2022-01-12-1024x458.png\" alt=\"\" width=\"660\" height=\"295\" srcset=\"https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/01\/DXY_2022-01-12-1024x458.png 1024w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/01\/DXY_2022-01-12-300x134.png 300w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/01\/DXY_2022-01-12-768x344.png 768w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/01\/DXY_2022-01-12.png 1834w\" sizes=\"auto, (max-width: 660px) 100vw, 660px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<h2><span style=\"font-weight: 400;\">XAU\/USD (GOLD):<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">On the H4 chart, prices are consolidating in a triangle. We see the potential for a dip from our 1st resistance at 1823.350 in line with 127.2% Fibonacci extension towards our 1st support at 1814.305 in line with 100% Fibonacci extension and 50% Fibonacci retracement. RSI is at levels where dips occurred previously and ichimoku is turning red, further supporting our bearish bias.<\/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 support at 1814.305<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 1st resistance at 1823.350<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/XAUUSD_2022-01-12.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-51602\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/XAUUSD_2022-01-12-1024x458.png\" alt=\"\" width=\"660\" height=\"295\" srcset=\"https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/01\/XAUUSD_2022-01-12-1024x458.png 1024w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/01\/XAUUSD_2022-01-12-300x134.png 300w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/01\/XAUUSD_2022-01-12-768x344.png 768w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/01\/XAUUSD_2022-01-12.png 1834w\" sizes=\"auto, (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 chart price is abiding by an ascending trendline and near the first support level of 1.36050 which is also 23.6% Fibonacci retracement. Price can potentially go to the 1st resistance level of 1.37006 which is also 78.6% Fibonacci retracement and 127.2% Fibonacci projection. Our bullish bias is supported by the ichimoku cloud indicator as price is trading above the cloud.\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 1.37006<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 1st support 1.36050\u00a0<\/span><\/li>\n<\/ul>\n<h2><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/GBPUSD_2022-01-12_09-14-56.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-51598\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/GBPUSD_2022-01-12_09-14-56-1024x500.png\" alt=\"\" width=\"660\" height=\"322\" srcset=\"https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/01\/GBPUSD_2022-01-12_09-14-56-1024x500.png 1024w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/01\/GBPUSD_2022-01-12_09-14-56-300x147.png 300w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/01\/GBPUSD_2022-01-12_09-14-56-768x375.png 768w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/01\/GBPUSD_2022-01-12_09-14-56.png 1834w\" sizes=\"auto, (max-width: 660px) 100vw, 660px\" \/><\/a><\/h2>\n<h2><span style=\"font-weight: 400;\">USD\/CHF:\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">On the H4 timeframe, price recently broke out of the descending trendline resistance, signifying an overall bullish momentum. We can expect price to bounce from the 1st Support level in line with 50% Fibonacci retracement and 78.6% Fibonacci projection\u00a0 towards the 1st Resistance in line with 127.2% Fibonacci projection. Our bullish bias is further supported by the Ichimoku cloud indicator where the price is holding above it.\u00a0<\/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;\">Watch 1st Support at 0.92339<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Watch 1st Resistance at 0.93020<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/USDCHF_2022-01-12_09-23-07.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-51600\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/USDCHF_2022-01-12_09-23-07-1024x508.png\" alt=\"\" width=\"660\" height=\"327\" srcset=\"https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/01\/USDCHF_2022-01-12_09-23-07-1024x508.png 1024w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/01\/USDCHF_2022-01-12_09-23-07-300x149.png 300w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/01\/USDCHF_2022-01-12_09-23-07-768x381.png 768w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/01\/USDCHF_2022-01-12_09-23-07.png 1834w\" sizes=\"auto, (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 chart, price is abiding by an ascending trendline and is heading to the 1st resistance level of 1.13854 which is also 100% Fibonacci projection and 38.2% Fibonacci retracement. Price can potentially dip to the 1st support level of 1.12783 which is also 50% Fibonacci retracement and 78.6% Fibonacci projection. Our bearish bias is supported by the stochastic indicator.\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 support at 1.12783<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 1st resistance at 1.13854<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/EURUSD_2022-01-12_09-18-03.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-51597\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/EURUSD_2022-01-12_09-18-03-1024x500.png\" alt=\"\" width=\"660\" height=\"322\" srcset=\"https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/01\/EURUSD_2022-01-12_09-18-03-1024x500.png 1024w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/01\/EURUSD_2022-01-12_09-18-03-300x147.png 300w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/01\/EURUSD_2022-01-12_09-18-03-768x375.png 768w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/01\/EURUSD_2022-01-12_09-18-03.png 1834w\" sizes=\"auto, (max-width: 660px) 100vw, 660px\" \/><\/a><\/p>\n<h2><span style=\"font-weight: 400;\">USD\/JPY:\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">In reference to yesterday\u2019s analysis, price is moving down nicely towards the 1st Support. On the H4 timeframe, is abiding to the ascending channel on the daily, signifying an overall bullish momentum. However, we can expect price to make a short-term bearish drop from 1st Resistance in line with 100% Fibonacci projection and 23.6% Fibonacci Retracement towards 1st Support in line with 78.6% Fibonacci retracement. Our short-term bearish bias is further supported by the MACD indicator where the signal line is above the MACD line.<\/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 level 115.508<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 1st support level 113.276<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/USDJPY_2022-01-12_09-15-22.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-51601\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/USDJPY_2022-01-12_09-15-22-1024x508.png\" alt=\"\" width=\"660\" height=\"327\" srcset=\"https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/01\/USDJPY_2022-01-12_09-15-22-1024x508.png 1024w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/01\/USDJPY_2022-01-12_09-15-22-300x149.png 300w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/01\/USDJPY_2022-01-12_09-15-22-768x381.png 768w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/01\/USDJPY_2022-01-12_09-15-22.png 1834w\" sizes=\"auto, (max-width: 660px) 100vw, 660px\" \/><\/a><\/p>\n<p><strong>AUD\/USD:<\/strong><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">On the H4, <\/span><span style=\"font-weight: 400;\">price broke out of the ascending trendline support, signifying a bearish momentum. We can expect the price to drop from 1st Resistance in line with 61.8% Fibonacci retracement and 100% Fibonacci projection towards 1st Support in line with 50 % Fibonacci retracement and 161.8% Fibonacci projection. Our bearish bias is further supported by the price holding below the Ichimoku cloud and RSI indicator where it is abiding to the descending trendline resistance. <\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><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 Support level 0.71266<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 1st resistance level 0.72158<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">\u00a0<a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/AUDUSD_2022-01-12_09-20-09.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-51595\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/AUDUSD_2022-01-12_09-20-09-1024x476.png\" alt=\"\" width=\"660\" height=\"307\" srcset=\"https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/01\/AUDUSD_2022-01-12_09-20-09-1024x476.png 1024w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/01\/AUDUSD_2022-01-12_09-20-09-300x140.png 300w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/01\/AUDUSD_2022-01-12_09-20-09-768x357.png 768w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/01\/AUDUSD_2022-01-12_09-20-09.png 1834w\" sizes=\"auto, (max-width: 660px) 100vw, 660px\" \/><\/a><\/span><\/p>\n<h2><span style=\"font-weight: 400;\">NZD\/USD:<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">On the H4 timeframe, prices are on bearish momentum and abiding to our bearish trendline. We see potential for prices to dip further from our 1st resistance at 0.67895 in line with 100% Fibonacci extension and 50% Fibonacci retracement towards our 1st support at 0.67365 in line with 78.6% Fibonacci retracements and 127.2% Fibonacci extension. Our bias is further supported by ichimoku clouds forecasting the dip and also prices trading below our MA. If prices break our 1st support, prices can potentially dip towards our 2nd support at 0.67047 in line with 200% Fibonacci projection and 100% 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 0.67895<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">H4 time frame, 1st support at 0.67365<\/span><\/li>\n<\/ul>\n<h2><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/NZDUSD_2022-01-12.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-51599\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/NZDUSD_2022-01-12-1024x490.png\" alt=\"\" width=\"660\" height=\"316\" srcset=\"https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/01\/NZDUSD_2022-01-12-1024x490.png 1024w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/01\/NZDUSD_2022-01-12-300x144.png 300w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/01\/NZDUSD_2022-01-12-768x368.png 768w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/01\/NZDUSD_2022-01-12.png 1834w\" sizes=\"auto, (max-width: 660px) 100vw, 660px\" \/><\/a><\/h2>\n<h2><span style=\"font-weight: 400;\">USD\/CAD:<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">On the H4,\u00a0 <\/span><span style=\"font-weight: 400;\">with price moving above the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 1.26225 which is in line with horizontal swing high resistance and 50% Fibonacci retracement from 1st\u00a0 support at 1.25516, which is in line with horizontal overlap support and\u00a0 127.2% and 161.8% Fibonacci extension level. Alternatively, price may break 1st support structure and head for 2nd support at 1.24922, which coincides with horizontal swing low support and 161.8% Fibonacci extension level .\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Areas of consideration:<\/span><\/h2>\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;\">1.25516<\/span><\/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;\">1.26225<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/2022-01-12_CAD.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-51592\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/2022-01-12_CAD-1024x595.png\" alt=\"\" width=\"660\" height=\"383\" srcset=\"https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/01\/2022-01-12_CAD-1024x595.png 1024w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/01\/2022-01-12_CAD-300x174.png 300w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/01\/2022-01-12_CAD-768x446.png 768w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/01\/2022-01-12_CAD.png 1752w\" sizes=\"auto, (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,\u00a0 <\/span><span style=\"font-weight: 400;\">with price moving above the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 85.5 which is in line with horizontal swing high resistance from 1st\u00a0 support at 82.83, which is in line with horizontal overlap support and\u00a0 23.6% Fibonacci retracement level. Alternatively, price may break 1st support structure and head for 2nd support at 80.54, which coincides with horizontal swing low support and 50% Fibonacci retracement level .\u00a0<\/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 time frame, 1st resistance of <\/span><span style=\"font-weight: 400;\">85.5<\/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;\">82.83<\/span><\/li>\n<\/ul>\n<h2><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/2022-01-12_OIL.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-51594\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/2022-01-12_OIL-1024x595.png\" alt=\"\" width=\"660\" height=\"383\" srcset=\"https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/01\/2022-01-12_OIL-1024x595.png 1024w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/01\/2022-01-12_OIL-300x174.png 300w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/01\/2022-01-12_OIL-768x446.png 768w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/01\/2022-01-12_OIL.png 1752w\" sizes=\"auto, (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, <\/span><span style=\"font-weight: 400;\">with price moving below our moving average, we have a bearish bias that price will drop from our 1st resistance at 36303 which is in line with horizontal swing overlap resistance to 1st\u00a0 support at 35415, which is in line with horizontal overlap support and 61.8% fibonacci retracement. Alternatively, price may break 1st resistance structure and head for 2nd resistance at 36861, which coincides with horizontal swing high resistance.<\/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 time frame, 1st resistance of <\/span><span style=\"font-weight: 400;\">36303<\/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;\">35415<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/2022-01-12_DJI.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-51593\" src=\"https:\/\/www.icmarkets.com\/blog\/wp-content\/uploads\/2022\/01\/2022-01-12_DJI-1024x595.png\" alt=\"\" width=\"660\" height=\"383\" srcset=\"https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/01\/2022-01-12_DJI-1024x595.png 1024w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/01\/2022-01-12_DJI-300x174.png 300w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/01\/2022-01-12_DJI-768x446.png 768w, https:\/\/www.icmarkets-vnk.com\/blog\/wp-content\/uploads\/2022\/01\/2022-01-12_DJI.png 1752w\" sizes=\"auto, (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. 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