Forecast for AUD/USD for January 13-17, 2020

AUD/USD Forecast January 13-17, 2020

What to expect from the Australian dollar against the American? We are studying the forecast for the AUD/USD pair for the coming week until January 17, 2020.

On the AUD/USD pair, the situation is more transparent both in terms of technical analysis and indicators.

Let's start with the fact that the three-wave directed to the top has ended and now the price will probably still reach up to approximately the indicated price mark of 0.69700 and the price will start to decline again.

If the movement weakens earlier, then a rebound from the level of 38.2 is likely (the level of 23.6 is apparently already broken or it will be broken on Monday), after which it will begin to fall to an approximate mark (indicated by the white arrow) at the level of 0.6734

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