Forecast for AUD/USD on the weekly chart (12/31/2019)

Forecast for AUD/USD on the weekly chart (12/31/2019)

Forecast for the AUD/USD pair (Australian dollar vs. US dollar) and judging by the weekly TF, a fall will begin soon, probably to the nearest 61.8 fibonacci level.

Just converges if you look at USD/RUB forecast, where the pair should soon enter an upward correction, which means that the dollar should get stronger. Probably just this will happen after the new year.

Similarly, indicators show that the price is fizzling out. Not only did they approach the top, but they still diverge in different directions, which indicates the weakness of the movement.

The approximate price mark is at the level of 0.6600 (indicated by the arrow).

Also, if you notice that the previous movement was long in duration, then the next correction will take much less time, that is, a rapid movement, a strong fall is expected.

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