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24.12.201808:50 Forex Analysis & Reviews: The forecast for AUD / USD for December 24, 2018

Long-term review

AUD / USD

The Australian dollar on Friday met the minimum plan and reached the target level of 0.7042. Today, on a shorter working day in Australia and in the West, investors just close their positions before the holidays.

On the four-hour chart, there are first signs of price convergence with the Marlin indicator, which may indicate the potential for corrective growth. Upon completion of the correction, which is the maximum (as far as possible to continue in a declining trend) can continue to 0.7125, we are waiting for the resumption of the decline to support the embedded line in the price channel in the area of 0.6998.

Exchange Rates 24.12.2018 analysis

Exchange Rates 24.12.2018 analysis

*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
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