FX.co ★ Forecast for AUD/USD on December 15, 2021

The Australian dollar is steadily continuing to decline to the first target level of 0.7065 - to the June 2020 high. Overcoming this level opens the second target at 0.7007, and the third target is the 0.6950 level. At the moment there are no technical signs for the opposite, growing scenario - the price is decreasing in a downward trend, the Marlin Oscillator shows a downward reversal without leaving the negative area.

The price settled below the balance and MACD indicator lines on a four-hour scale chart, the Marlin Oscillator deepens into the area of negative values. We are waiting for the main movement at the Federal Reserve's meeting tonight.