FX.co - AUD/USD Update for December 30, 2022

30 December 2022 at 9:51AM (UTC+0)

Relevance until31 December 2022 at 9:51AM (UTC+0)

Technical analysis:

AUD/USD Update for December 30, 2022 - Strong upside momentum

AUD/USD has been trading upside and I see potential for the further growth due to the upside trend.

Trading recommendation:

Due to the upside trend and rising lows, I see potential for the further growth towards the upper reference.

Watch for the potential buying opportunities on the intraday dips with the upside objective at 0.6870.

Stochastic oscillator is showing fresh bull cross, which is strong sign that buyers are in control.

Key support is set at 0.6760

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ AUD/USD Update for December 30, 2022 - Strong upside momentum