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13.01.2025 04:42 AM
Forecast for AUD/USD on January 13, 2025

On the daily chart, the Australian dollar continues its decline within a descending price channel, trading below both indicator lines, which themselves are sloping downward.

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However, the Marlin oscillator is persistently signaling the possibility of a reversal toward a correction, with a target of 0.6273. This could include a potential breakout that challenges the MACD line. Alternatively, if the price drops below Friday's low of 0.6142, a decline toward 0.6045 is likely to resume.

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On the four-hour chart, the price is correcting toward the MACD line, which is near the 0.6192 level. If the price consolidates above this level, a further correction to 0.6273 could be anticipated. Overall, today's trading is expected to be calm.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2025
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