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

Technical analysis:

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