FX.co ★ Forecast for AUD / USD on December 18, 2019

AUD / USD

On Tuesday, the Australian dollar fell 32 points, breaking the support of the embedded price channel line on the daily chart. Under the pressure of technical divergence, we are waiting for the price reduction to the first target 0.6815, to the MACD line. Overcoming this line opens the second target of 0.6700 which will support the embedded line of the price channel.

On a four-hour chart, the price has fixed below the MACD line, the Marlin oscillator is in the negative zone. We look forward to further price reductions.