AUD/USD Forecast 20 January 2025 ↓

The AUDUSD closed Friday unable to break above the 21 day moving average resistance, a clear indication that bears aren't done with the AUD yet. Technically the Aussie appears to be a clear sell right now, and Rattlesnake Global is anticipating price to move down to the recent low around 0.6130.

During the week we saw that full time employment figures in Australia had contracted month over month, and heard some dovish talk both from Australia's RBA and from the US's Federal Reserve. Next week the economic calender is very light for Aus, China, and the United States. Considering that APAC traders are largely bracing for Chinese New Year, we anticipate the APAC forex pairs to have lower trading volume. AUDUSD is no exception, though we will continue commentary regardless.