FX.co ★ Forecast for AUD/USD on December 30, 2021

On Wednesday, the Australian dollar made another upward surge and nevertheless it worked out by touching the MACD indicator line. Statistically, after similar difficulties related to the development of the MACD line, a price reversal occurs from it in 70% of cases. It is difficult to predict how this will happen at the turn of the New Year, but the purely technical situation does not create an obvious alternative. The main scenario is still a downward one - the price consolidating below the level of 0.7227, then a decline to 0.7171 and then to 0.7065.

A reversal divergence with the Marlin Oscillator begins to form on the four-hour chart. The oscillator itself intends to return to the negative zone. The 0.7227 level coincides with the MACD line, which means the level is strong and will give a high-quality signal to the bears if the price surpasses it.