Forecast for AUD/USD on January 22, 2021


Yesterday, the Australian dollar quote slightly went over the target level of 0.7770, and then fell. Today, it is declining in the Asian session. On the daily scale, the Marlin oscillator slightly went beyond the border with the territory of the "bulls" and is now returning to the zone of a declining trend. The nearest target for the decline is the level of 0.7641 – the minimum on January 4 and the maximum on December 17.


On the chart of the four-hour scale, the price is held by the MACD line, the Marlin oscillator is turning down. With the price fixing under 0.7743 - below the MACD line and yesterday's low, the acceleration to the first target of 0.7641 will begin.


The material has been provided by InstaForex Company -