empty
 
 
en
Support
Instant account opening
Trading Platform
Deposit/Withdraw

18.12.202405:17 Forex Analysis & Reviews: AUD/USD Forecast for December 18, 2024

Relevance up to 21:00 2024-12-18 UTC--5

The Australian dollar broke below it yesterday after a brief consolidation at the 0.6351 level. Further declines have started today, and the price is moving toward the support level at 0.6273. A breach of this level would open the path to 0.6171, the low from October 2022.

Exchange Rates 18.12.2024 analysis

At approximately this level, the price may encounter the lower boundary of the descending green price channel. The signal line of the Marlin oscillator has fallen below the convergence trendline, nullifying the previous convergence signal.

Exchange Rates 18.12.2024 analysis

On the four-hour chart, the price is trading below both indicator lines and has consolidated below the 0.6351 level. The Marlin oscillator is also declining within the bearish trend territory. We anticipate the price reaching the next target level of 0.6273.

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

Laurie Bailey,
Analytical expert of InstaSpot
© 2007-2024
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

Can't speak right now?
Ask your question in the chat.