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12.12.201808:33 Forex Analysis & Reviews: Forecast for AUD/USD on December 12, 2018

Long-term review

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AUD/USD

The Australian dollar decided to rise against the market in connection with the comments of US President Donald Trump about his desire to intervene in the situation of the arrest of Huawei's Manager Meng Wanzhou because of hidden operations with Iran. But, as is usually the case with the "Aussie", its growth against the market very quickly tuned into an accelerated decline. Oil on Tuesday rose slightly, but iron ore fell by 0.18%.

We expect the price to decline to support the internal line of the price channel in the area of 0.7150. Next, we expect a decrease to 0.7014. The resistance of the Krusenstern line at 0.7250 (H4) may not be achieved, but it may be equally probable.

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