FX.co ★ Forecast for AUD/USD on December 12, 2019

AUD/USD

The aussie grew by 67 points on Wednesday amid a general weakening of the US dollar, reflecting from the MACD line on the daily chart and overcoming the resistance of the embedded price channel line. The Marlin oscillator is showing steady growth. The Australian dollar is currently aiming for the high of November 5 at a price of 0.6930. Overcoming this level opens the second target at 0.6955 - an embedded line of the falling price channel.

The price rises above the balance and MACD lines, the Marlin oscillator in the zone of positive numbers.