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28.01.202104:40 Forex Analysis & Reviews: Forecast for AUD/USD on January 28, 2021

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AUD/USD

The Australian Dollar lost 84 points under the overall attack of the US Dollar on Wednesday. This morning, the price pierced the first target level of 0.7641 and now the target of 0.7508 opens in front of it. The Kruzenshtern line indicator approached this target level from below, strengthening it. Accordingly, overcoming the price at this level will further strengthen the declining market mood in the medium term.

On the four-hour chart, the price is moving down with an effort. There are no signs of a reversal. However, we allow a small correction from the technical support reached, which is the top on December 17, after which the price moves further downwards.

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