Forecast for AUD/USD on December 14, 2021

The Australian dollar has moved down decisively. After yesterday's reversal from the 0.7171 level, the price fell by 38 points, this morning the price renewed yesterday's low, trying to settle below the Fibonacci level of 23.6%. The Marlin Oscillator turned down without leaving the downward trend zone. The first target of the movement is 0.7065, then 0.7007. The third target is 0.6950. Of course, much will be decided after tomorrow's FOMC Federal Reserve meeting.

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The price has overcome the support of the MACD line on the four-hour chart, Marlin has entered the downward trend zone and continues to move downward. The 0.7065 target level is open.

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The material has been provided by InstaForex Company - www.instaforex.com

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