Forex Analysis & Reviews: Forecast for AUD/USD on December 22, 2023

AUD/USD
Yesterday, the Australian dollar gained 71 pips and approached the target level of 0.6815, and the upper band of the local price channel.

The Marlin oscillator has been behaving nervously recently, but a break above 0.6830 opens the way for further growth with the initial target of 0.6897 - towards the peak of July 13 with an intermediate level of 0.6872.

On the 4-hour chart, the price has settled above the balance and MACD indicator lines, and the Marlin oscillator has stabilized in the uptrend territory. We are waiting for progress on this growth.

Analysis are provided by InstaForex

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