Forecast for AUD/USD on January 15, 2020

AUD/USD

The Australian dollar has not shown initiative in a calm market for the past two days. The price on the daily chart is between the resistance of the price channel and the support of the MACD line. You need a good driver in order to move in any direction here. Today, pressure on the aussie can continue from the commodity markets (unless oil changes its mind to decline, as iron ore did yesterday, which jumped 1.19% on China’s trade balance data, which showed an increase from 274 billion yuan in December to 329 billion), and tomorrow, the US dollar can take control of the situation, using data on retail sales for December, the forecast for which is 0.3%.

The immediate goal is to support the MACD line (0.6870). The second goal is the embedded line of the red price channel in the region of 0.6818. The signal line of the Marlin oscillator is already turning from the boundary with the growth zone.

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The situation is neutral on the H4 chart. The price between the indicator lines of the balance and MACD, Marlin slowly decreases in the growth zone following the price.

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

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MOKAR

Author: MOKAR

Mula berdagang dalam pasaran forex sejak tahun 2003. Manakala pasaran bursa saham tempatan dan global pada tahun 2018. Menjadikan trading online sebagai kerjaya sepenuh masa pada tahun 2019. Kerjaya sebelum ini adalah seorang salesman kereta. Berpengalaman dengan pelbagai teknik dan perguruan tetapi akhirnya sangat serasi dengan teknik FMCBR @ Fibo Musang melalui guruku Cikgu Baha & Cikgu Zul.

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