FX.co ★ Forecast for AUD / USD pair on January 23, 2019

AUD / USD pair

On Tuesday, the Australian dollar steadily declined until the signal line of the daily scale Marlin oscillator turned upward from the zero line. On the four-hour chart, this reversal has already been formed in an upward convergence. The corrective growth may continue to the MACD line on the daily chart of 0.7177. This level coincides with the January 14 minimum. If the price consolidates below yesterday's low of 0.7117, a downward trend may strengthen with the goal of 0.7022, which was the minimum of October 26. Such a scenario of price reversal from current levels is also possible since the Marlin signal line on H4 has not yet moved to the positive zone.