Currency pair Australian Dollar to US Dollar AUD/USD continues to move within the framework of the fall and downward channel. The moving averages indicate the presence of short-term bearish trends. Prices struck the area between signal lines down, which indicates pressure from the sellers of the currency pair and the potential continuation of the fall in the value of the tool is already from the current levels. At the time of publication of the forecast, the Australian dollar rate for the US dollar is 0.7122. At the moment it is worth an attempt to continue the development of the growth of the pair and the test area of resistance near the level of 0.7165. Next, the rebound down and the continuation of the fall in the quotations to the area below the level of 0.6965.
AUD/USD Forecast Australian Dollar January 26, 2022
An additional signal in favor of reducing the AUD/USD currency pair will perform a rebound from the resistance line on the relative force indicator (RSI). The second signal will be from the top border of the downstream channel. The abolition of the fall of the fall quotes of the Australian dollar on Forex will be the rise in prices and a test breakdown of 0.7245. This will indicate on the test area of resistance and the continuation of the AUD/USD currency pair lifting pair with a potential goal above 0.7605. Expect to confirm the fall of the pair stands with the breakdown of the area of support and closing the quotations below the level of 0.7055.
AUD/USD Forecast Australian Dollar January 26, 2022 involves an attempt to test the resistance level near the region of 0.7165. Further, the continuation of the fall of the pair quotes is below the level of 0.6965. An additional signal in favor of a pair of a pair will perform a trend line test on the relative force indicator. The cancellation of the fall option will be strong growth and breakdown of region 0.7245. This will indicate the continuation of the lifting quotes with a potential goal above 0.7605.
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