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

MariusG
Marius Ghisea – fund manager and advisor for institutional and individual investors. 11 years experience in forex market. Marius G. provides advices for long term investors with low risk strategies investments. Technical analyst at ProfitF.com ( Go to Ghisea Marius Facebook group >>> )
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