Forecast for AUD/USD on December 30, 2020


The Australian dollar added 30 points yesterday as the US dollar slightly weakened. Visually, the price shows an intention to reach the target range of 0.7660/75, but the Marlin oscillator is below the lower boundary of its own channel and this factor warns of a high degree of change with this unattainable target.

The four-hour chart shows that there is an increase above the MACD indicator line, which speaks in favor of growth, but the Marlin oscillator has practically fallen into a horizontal trend, which indicates the weakness of the trend, thereby confirming the technical uncertainty of the daily timeframe.

In this situation, it is advisable to wait for clear signs of a trend reversal. Or, to settle above the 0.7675 level when the alternative scenario has been implemented.

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