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13.01.202105:00 Forex Analysis & Reviews: Forecast for AUD/USD on January 13, 2021

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

AUD/USD

On Tuesday, the growth of the Australian dollar covered the fall on Monday. Perhaps this is the intention of the price to set a new high with the formation of another divergence with the oscillator. However, a price reversal into a new branch of decline is also possible; for this purpose, there should be a consolidation under 0.7770, which will take another day, since the current candle should close below this level. Today, the situation is not trading.

Exchange Rates 13.01.2021 analysis

The price on the four-hour chart is fixed above the balance and MACD indicator lines, the Marlin oscillator is in the growth zone. There are signs of continued growth, but false signals often appear on trend breaks. A more reliable signal will look like fixing the price under the MACD line (0.7735 / 40), after which the target level of 0.7641 can be expected to work out.

Exchange Rates 13.01.2021 analysis

Laurie Bailey
Analytical expert of InstaForex
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