The daily forex analysis on January 5, 2021 will discuss the movement of the US Dollar which is still observed to weaken in Tuesday (January 05, 2021) Asian session, due to the shift in investment made by market participants who are hunting for safe haven assets. The hunt for safe haven assets is due to the number of Covid-19 patients in the US is still increasing, plus uncertainty about the election for a rotating senate seat in Georgia is increasing. Voting for the senate election in Georgia will begin the day after tomorrow (Thursday 07 January 2021) and will be closely monitored. The fight for 2 seats in the senate to represent their inspiration in the assembly. With the results of this election, it will affect the agenda of President-elect Joe Biden to revise the tax code, increase stimulus, and infrastructure spending, which will be taken. The Aussie currency is expected to continue its strengthening against the US Dollar. The strengthening of the Australian Dollar was due to the weakening of the Greenback and the rise in gold and copper prices, which are Australia's mainstay export commodities, also encouraged the strengthening of the Aussie. However, it is necessary to be aware that ahead of the senate election in the American state, Georgia, will have a high impact on the US Dollar, which is monitored until the time this news is released, still supports the US Dollar to strengthen.

Forex Daily Analysis Predictions

chart AUDUSD analisa harian 05-01-2021 Today's FOREX prediction on the AUDUSD pair is expected to continue its rise, and the recommended OP (Open Position) is BUY at the level of 0.77000. With a Target Profit (TP) of 10 - 20 points and a Stop loss (SL) of 5 - 10 points.
Preference BULLISH
Target Profit 1 0,77100
Target Profit 2 0,77200
Stop Loss 1 0,76950
Stop Loss 2 0,76900
This the daily analysis of forex on January 05, 2021. Keep Money Management and Risk Management first in your trading. Visit GIC Indonesia to get information about the world of trading. You can also join us in the GIC Trade Telegram Community and GIC Trade Telegram Channel. Don't forget to check out the GIC Indonesia Youtube account which is full of a lot of information, and follow our Instagram account to get information about various interesting webinars that you can participate in.