Forecast for AUD/USD on January 26, 2021

AUD/USD

Yesterday, the Australian dollar traded with a range of 32 points and a symbolic close of -2 points. The downward trend, however, intensified as the Marlin oscillator continued to fall in the downward trend territory. The first target is 0.7641 (December 12 high), the second target is 0.7508 - the low on December 15 last year, near the December 2017 low. The MACD indicator line is approaching this level.

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Yesterday, the price reversed from the resistance of the MACD line on the four-hour chart, at the moment the price has also settled below the balance indicator line (moving red). Marlin in the decline area. We are waiting for the price to reach 0.7641 and then 0.7508.

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The material has been provided by InstaForex Company - www.instaforex.com

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