The forecast for AUD / USD for December 14, 2018


In the past review of AUD / USD, we wrote, "as is usually the case with the "Australian", its growth against the market very quickly turns into an accelerated fall." Already this morning, the "Australian" overtook other strong currencies in this fall. This may have been due to weakened data for China. In November, industrial production slowed down from 5.9% y / y to 5.4% y / y, retail sales also increased: 8.1% y / y against 8.6% y / y a month earlier. The unemployment rate fell to 4.8% from 4.9%. Commodity markets are declining. In particular, copper is losing 0.43% this morning.

On the daily chart, the price breaks through the support of the Kruzenstern line. The price reversal occurred from the same line, but on a four-hour chart. We continue to wait for the price at the previously indicated levels of 0.7150, 0.7042, at least October 8, 0.7014, support for the price channel line.


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