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FX.co ★ Forecast for AUD/USD on December 6, 2021

Forecast for AUD/USD on December 6, 2021

Last Friday, the Australian dollar fell by more than 90 points with the development of the target level of 0.7007. The Marlin Oscillator is accelerating downward, which most likely makes the nearest target level (0.6950) attainable. Overcoming this level opens the second one - 0.6870.

Forecast for AUD/USD on December 6, 2021

On the four-hour scale, there is a rebound from the reached level, the Marlin Oscillator is heading up in the downward trend area. The price development in the 0.7007/65 range is a free walk.

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Forecast for AUD/USD on December 6, 2021

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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