Forecast for AUD/USD on January 17, 2019


The Australian dollar stopped the market-leading correction, having received a strong resistance to the balance line of the daily timeframe. Currently, the price is already below the Krusenstern line. This line shows the trend direction and the price trend. The daily horizontal line is a side trend, but the price is below the line, the trend is decreasing.

On the H4 chart, the price is already on the Krusenstern line. Marlin indicator in a downtrend. We are waiting for the departure of the price under the last support on the four-hour chart and a decline towards the first goal of 0.7022 – a low of 26 October. Then the road to support the line of the daily price scale channel – 0.6770.


The material has been provided by InstaForex Company –

Source:: Forecast for AUD/USD on January 17, 2019

Won't your trader friends like this?
About the Author
InstaForex brand was created in 2007 and at the moment it’s a top choice of more than 2,000,000 traders. More than 1,000 clients open accounts with InstaForex every day. All InstaForex clients get great opportunities for effective trading on the forex market, as well as on-time technical and customer support

Leave a Reply