empty
 
 
22.12.2020 05:05 AM
Forecast for AUD/USD on December 22, 2020

AUD / USD

The Australian dollar yesterday experienced a strong drop of 160 points which was also helped by cheaper oil prices of -1.60%. But then, there was a sharp increase in the price on the formation of a large lower shadow on the daily chart and the price loses 12 points today in the Asian session.

This image is no longer relevant

The signal line of the Marlin oscillator on the daily scale touched the lower border of its own channel. A downward exit from it can provoke a repeated strong decline in the price. The first target is 0.7445, then 0.7345.

This image is no longer relevant

Based on the four-hour chart, the price returned above the Kruzenshtern line after yesterday's collapse but the Marlin oscillator remains in the negative zone. When the price is fixed under the Kruzenshtern line below 0.7560, there will be a ready signal for a second attack on the target level of 0.7445.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Yuriy Zaycev
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback