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Forecast for AUD/USD on December 27, 2018

AUD/USD

Yesterday, the Australian dollar rose 19 points against the general strengthening of the US dollar, probably on the growth of commodities and precious metals. The technical situation on both charts remains bearish. The level of 0.7042 retains its role as a border zone for a further price drop – consolidation under it opens the way to 0.6994. The further growth of the "Aussie" has a low chance, as the markets (at least for the next few days) stopped panicking against the American shutdown, because of which precious metals lost in demand.

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