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

Company does not offer investment advice and the analysis performed does not guarantee results.
The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

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
© 2007-2021

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