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21.01.202505:12 Forex Analysis & Reviews: Forecast for AUD/USD on January 21, 2025

Relevance up to 22:00 2025-01-21 UTC--5

The Australian dollar ended yesterday with a sharp rise but has started today with a significant decline. This volatility may push the pair towards the resistance level of 0.6351 or slightly lower, near the MACD line. The potential growth area is indicated by a gray oval.

Exchange Rates 21.01.2025 analysis

However, if today closes with a black candlestick, meaning below 0.6273, the likelihood of reaching the target support at 0.5943 will increase significantly.

Exchange Rates 21.01.2025 analysis

On the four-hour chart, both the price and the oscillator have formed a weak divergence, suggesting ongoing pressure on the price. The price consolidation below the MACD line at 0.6212 will validate this pressure and could initiate a medium-term downward movement.

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

Laurie Bailey,
Analytical expert of InstaSpot
© 2007-2025
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