FX.co ★ Forecast for AUD/USD on January 4, 2021

AUD/USD

The Australian dollar was marked on the upper divergence line for the second time and is slightly retreating this morning. Overcoming the signal level of 0.7640 (December 17 high), and falling towards the first target of 0.7465 (December 21 low) is likely. Accordingly, we are waiting for the signal line of the Marlin oscillator to leave its own downward channel.

Falling below the signal level of 0.7640 will correspond to overcoming the support of the MACD line (blue indicator) on the four-hour chart. The Marlin oscillator will already be in the negative zone by this time.