FX.co ★ Forecast for AUD/USD on December 20, 2021

Last Friday the price easily pushed through the support level of 0.7171 and rushed down with force. The signal line of the Marlin Oscillator has entered the zone of negative values, indicating the market's intention to develop a new wave of decline, at least in the short term. Target levels of the AUD/USD pair are marked on the chart: 0.7065, 0.7007, 0.6950. We are waiting for the price in the area of the third marked target (0.6950), from which either a moderate correction is possible for forces to accumulate to a further decline, or a reversal in the medium-term growth.

The price went below the MACD indicator line on the H4 chart, this is an independent signal for further short-term growth. Price divergence with the Marlin Oscillator amplifies the downward movement of the Australian dollar.