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03.01.202205:10 Forex Analysis & Reviews: Forecast for AUD/USD on January 3, 2022

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In the last trading days of 2021, the price was unable to break above the resistance of the MACD indicator line on the daily scale chart. This morning, the price has already covered Friday's growth and is showing an intention to overcome support at 0.7227, a departure under which opens a further way to targets like 0.7171 and 0.7065 (June 2020 high). This is the main scenario. An alternative scenario assumes consolidating above Friday's high at 0.7279 and further growth to the target level of 0.7414 (August 2020 high).

On the H4 chart, the price divergence with the Marlin Oscillator acquires a more stable form than it was on December 28 and 30. The MACD line is about to be broken, but for a more complete signal, the price should go below 0.7227 - this is the area of the December 16 high and October 6 low, and breaking it will open the first target at 0.7171 (September 29 low).

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