Forecast for AUD/USD on December 14, 2020


The situation with the Australian dollar has not changed over the weekend - the quote is at Thursday's closing level. The divergence with the Marlin oscillator has slightly increased during this time. Falling below the nearest target level of 0.7500 will provoke a movement towards 0.7440. By this time, the Marlin oscillator may be in the area of negative values, and then the downward trend will strengthen with targets at 0.7340 and 0.7222.


There are no signs of a reversal on the four-hour chart yet, the closest such sign will be when the Marlin signal line transitions to the area of negative values, this will happen approximately at the moment when the price surpasses 0.7500. So, we are waiting for such a condition with a probability of 65%.


The material has been provided by InstaForex Company -