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FX.co ★ Forecast for AUD/USD on January 14, 2021

Forecast for AUD/USD on January 14, 2021

AUD/USD

The Australian dollar fell from the 0.7770 benchmark on Wednesday. The decline was not large, 40 points, and so it did not show any significant changes on the daily chart. The Marlin oscillator is still hovering over the border of the bears' territory and can either penetrate into it or go up to form a divergence with the price.

Forecast for AUD/USD on January 14, 2021

The four-hour chart shows that the price managed to gain a foothold below the MACD line. Marlin is also in a state of uncertainty, moving along the border of trends. The likelihood that the quote will fall slightly prevails, around 55-60%. We are waiting for more reliable technical conditions for the decline.

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Forecast for AUD/USD on January 14, 2021

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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