For Traders

Analytical Reviews

Technical analysis

27.01.202006:01 Forex Analysis & Reviews: Forecast for AUD/USD on January 27, 2020

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

It is a national holiday in Australia and China today. Asian currencies fell in the thin market. The Australian dollar worked out the Fibonacci reaction level of 123.6% on the daily chart with the intention to go deeper under the embedded price channel line.

The immediate goal is the reaction level of 138.2% at the price of 0.6780. After it, the price will follow to the level of 161.8% at the price of 0.6737.

The price is falling below both indicator lines on the H4 chart, the Marlin oscillator is going down in the negative zone.

Sales of new homes in the US for December will be published today. The forecast is optimistic - 730 thousand against 719 thousand in November. The data will make it possible for investors to boldly continue buying the US dollar.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.