FX.co ★ Forecast for AUD/USD on December 22, 2021

Over the past day, the Australian dollar has grown by 45 points and the Marlin Oscillator has moved into the positive area. On the one hand, this is a signal for further growth, but on the other hand, the resistance at 0.7171 is very strong, the price should consolidate above it only in order to reach the target level of 0.7227, not to mention the exit above the MACD indicator line, which currently looks very strong. Most likely, the price will move towards the support at 0.7065 and Marlin will return to the area of the downward trend, which will confirm yesterday's false maneuver.

On the four-hour scale, the price broke above the MACD indicator line and the Marlin Oscillator came out of the negative area. This is a signal for further short-term growth. If AUD/USD still consolidates above the target level of 0.7171, then the pair may make another attempt to overcome 0.7227. But if the price returns below the MACD line, below 0.7136, Marlin will also be in the negative area, and this is the opening of the 0.7065 target.