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25.01.202105:25 Forex Analysis & Reviews: Forecast for AUD/USD on January 25, 2021

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

The Australian dollar fell by 50 points last Friday. As we expected, there has been a reversal from the 0.7770 level, but in order to break the growing trend, the price must settle below the nearest target level of 0.7641 (high on December 17). For a decisive breakdown of the growing trend and in order to change it to a downward one in the medium term, the price must overcome the support of the MACD line on the daily chart, the 0.7508 level. The Marlin oscillator is in the negative zone, which helps the price develop a downward movement.

Exchange Rates 25.01.2021 analysis

The four-hour chart shows that the price has settled below the MACD line, the Marlin oscillator is in the bears' area - a short-term downtrend has taken place. Now we are waiting for the price to surpass the 0.7641 level.

Exchange Rates 25.01.2021 analysis

Laurie Bailey
Analytical expert of InstaForex
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