Forecast for AUD/USD on December 28, 2020


This morning the Australian dollar is slowly approaching the December 17 high, but this growth is in doubt, as the signal line of the Marlin oscillator did not return to the passage from which it left on the 22nd. If the price swings down 40 points, then the fall may gain a foothold and accelerate. We are waiting for the development of the main scenario of a decline. The price is formally in the free roaming range of 0.7560-0.7645, so the wait may stretch almost until the end of the year.


The four-hour chart shows that the price has settled above the MACD line. But the price is close to this line, as is the Marlin oscillator to the border of the downward trend. If the price falls by 40 points, then it can result in the possibility of the quote settling in the area below the MACD line and to the oscillator leaving the zone of negative values, that is, it will lead to the consolidation of the declining short-term trend.


The material has been provided by InstaForex Company -