FX.co ★ Forecast for AUD / USD pair on January 31, 2019

AUD / USD pair

The Australian dollar is unstoppable. Taking advantage of the temporary weakness of the US dollar and similarly temporary and weak growth in commodity markets due to the political crisis in Venezuela), the "Australian" went above the upper limit of the lowering price channel. On both scales, the trend is clearly increasing in all indicators based on the daily and four-hour charts. We are waiting for the continuation of price growth to 0.7340 (maximum November 16) then to 0.7413 (minimum of May 9).