Relevance up to 05:00 2021-01-23 UTC+3
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 market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaForex Group © 2007-2021
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.
Forex original source link