Forecast for AUD/USD on December 3, 2021

Yesterday, the US dollar index rose 0.10%, the Australian dollar, following the general trend, fell 10 points. It reached the 0.7065 target level this morning. And if US employment data comes out good tonight, the aussie will continue to decline to the second target level of 0.7007 (September 2020 low). Further, the target level 0.6950 may open. The daily scale Marlin Oscillator is moving horizontally, which is a sign of its subsequent decline.

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The downward trend has been confirmed on the four-hour chart. The price is decreasing under the balance and MACD indicator lines, the Marlin Oscillator is clearly set for a further fall.

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

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