FX.co ★ Forecast for AUD/USD on January 25, 2023

The Australian dollar successfully maintains its role as the market leader. Yesterday, it rose 17 pips, this morning the aussie gained 46 pips to reach the bottom of the target range at 1.7090-0.7130.

A consolidation above the target range will open the target at 0.7284 (June 2022 high), so now there is a tussle at the current levels, and the bears may lose another two figures. The divergence on the daily chart is already broken, so it's up to the price.

There is an uptrend at the four-hour chart: the price is rising above both indicator lines, the Marlin oscillator is rising in the uptrend area, there are no early signs of a reversal. Perhaps such signs will appear in the 1.7090-0.7130 range.