empty
18.12.2024 05:17 AM
AUD/USD Forecast for December 18, 2024

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.

This image is no longer relevant

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.

This image is no longer relevant

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.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2024
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

EUR/USD: December 19th. FOMC Decision

On Wednesday, the EUR/USD pair experienced a sharp decline. This significant surge in the dollar was undeniably driven by one event: the FOMC meeting, which we will discuss shortly

Samir Klishi 12:33 2024-12-19 UTC+2

GBP/USD: December 19th. The Fed Has Concluded Its Meeting, the Bank of England Is Next

On the hourly chart, the GBP/USD pair on Wednesday rebounded from the resistance zone of 1.2709–1.2734, leading to a decline toward the corrective level of 200.0% – 1.2569. From

Samir Klishi 11:29 2024-12-19 UTC+2

Forex forecast 19/12/2024: EUR/USD, USD/JPY, GBP/USD, USDX and Bitcoin

Video Agenda: 00:00 INTRO 00:12 Today's key events: BoE Interest Rate Decision, GDP, Philadelphia Fed Manufacturing Index, Initial Jobless Claims, Existing Home Sales 02:25 EUR/USD 04:07 USDX 06:01 GBP/USD 07:26

Sebastian Seliga 11:26 2024-12-19 UTC+2

Video analysis for December 19, 2024

Potential for the further dorp on EUR/USD and BTCUSD

Petar Jacimovic 09:57 2024-12-19 UTC+2

AUD/USD: Global Strengthening of the US Dollar Could Pressure the Pair

The Fed meeting results indicate a high likelihood of either just one rate cut or even a pause, with the possibility of two cuts still on the table

Pati Gani 09:28 2024-12-19 UTC+2

EUR/USD and GBP/USD Analysis for December 19 – Technical Outlook

Yesterday, the bears were the first to break out of the zone of uncertainty and away from the monthly medium-term trend (1.0504). Today, they need to confirm the result

Evangelos Poulakis 08:39 2024-12-19 UTC+2

Technical Analysis of Intraday Price Movement of USD/JPY Main Currency Pairs, Thursday December 19, 2024.

With the movement of the USD/JPY currency pair price moving above the MA 50 which has a slope that slopes upwards and its price movement moving harmoniously within the Bullish

Arief Makmur 06:15 2024-12-19 UTC+2

Technical Analysis of Intraday Price Movement of Nasdaq 100 Index, Thursday December 19, 2024.

It is very clear on the 4-hour chart of the Nasdaq 100 index, the deviation between the price movement of the #NDX index and the Awesome Oscillator indicator and supported

Arief Makmur 06:15 2024-12-19 UTC+2

Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Wednesday December 18, 2024.

With the appearance of the Three Little Indian pattern which is also a Bearish Wolf Waves pattern and supported by the appearance of deviations between the price movement of AUD/JPY

Arief Makmur 04:18 2024-12-19 UTC+2

Technical Analysis of Daily Price Movement of Palladium Commodity Asset, Wednesday December 18, 2024.

From what is seen on the 4-hour chart of the Palladium commodity asset, it appears that the EMA 21 is below the WMA 55 which indicates a Death Cross condition

Arief Makmur 04:18 2024-12-19 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.