FX.co ★ Forecast for AUD/USD on December 8, 2022

The Australian dollar gained 0.58% yesterday. The price reached the resistance at 0.6730 and in today's Asian session it is moving down from it. The Marlin oscillator is already moving into the negative territory on the daily chart, the development of this intrusion will lead the price to the target support at 0.6642.

Breaking yesterday's high at 0.6743 will allow the price to continue rising to the target resistance at 0.6799 (November 15 high).

On the four-hour chart, the price settled under both indicator lines, below the level of 0.6730. The Marlin oscillator is developing in the downtrend area. We expect the price at 0.6642 (November 29 low).