FX.co ★ Forecast for AUD/USD on November 30, 2023

AUD/USD

The Australian dollar, like the euro and the pound, fell short of the nearest target level and underwent a small correction. The level of 0.6612 provided support, which the price surpassed two days ago. On the daily chart, the signal line of the Marlin oscillator indicates an intention to continue the upward movement.

The correction that we saw on Wednesday has likely ended, and the price is aiming for the level of 0.6693. Once it breaches this mark, the next target will be 0.6775. On the 4-hour chart, the price shows a reversal from the support at 0.6612, and the Marlin oscillator is turning up from the zero line.

We're currently witnessing an uptrend, and we expect the price at the level of 0.6693. However, this could be disrupted if the price consolidates below the MACD line (0.6597).