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25.01.202206:13 Forex Analysis & Reviews: Forecast for AUD/USD on January 25, 2022

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Yesterday the Australian dollar left with consolidation under the target level of 0.7171. The price fell a bit short of reaching the target level of 0.7065. The price probably still chose a direction for itself in the medium term. Yesterday's trading volumes were the largest since December 2021. The Marlin Oscillator settled in the downtrend zone. Movement targets: 0.7065, 0.7007, 0.6950. This is the main scenario.

On a four-hour scale, the price touched the resistance at 0.7171 this morning. But in order to develop growth, the price should turn out to be higher - to overcome the resistance of the MACD indicator line, above 0.7198. In this case, the aussie will have the opportunity to go above 0.7227.

The current situation for the pair AUD/USD is downward, we are waiting for the development of the trend towards the first bearish level of 0.7065.

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