FORECAST BY MARIUS GHISEA- AUD/USD (January 4-8)

According to the daily chart, the AUD/USD currency pair may fall in the medium term. A downtrend confirmation  is that the price has already hit EMA50 at 0.7216. The MACD  on the daily chart will be negative in the next days.

AUDUSDDaily

The 8 hour chart indicates also a downtrend for AUD/USD in the next period, because the price has hit EMA200 at 0.7219. The MACD is also negative.

AUDUSD8 hour

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