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04.01.202206:13 Forex Analysis & Reviews: Forecast for AUD/USD on January 4, 2022

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On the chart of the daily scale of the AUD/USD currency pair, you can see how the price turned down with force from the MACD indicator line, and yesterday this movement was 87 points. The price fell slightly short of the 0.7171 target level, but this is probably the matter for the near future. Approximately at the moment when the price overcomes and consolidates under this support, the Marlin Oscillator will move into the zone of negative values, which will strengthen the price movement downward. Here the 0.7065 and 0.7007 targets are open.

On a four-hour chart, the price develops under both indicator lines - under the balance line and the MACD line. The price divergence with the oscillator worked exactly. Now the price is correcting slightly upwards, the correction limit is seen at the level of 0.7272 - the December 16 high. After its completion, we are waiting for the pair to attack the support at 0.7171.

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