AUDUSD Technical Forecast

After recovering, the 20 December AUDUSD Technical Forecast shows the pair seems to have found a comfort zone between 0.7630 and 0.7700. Learn more.

20 December, GKFX – Despite the US tax reform optimism and the resulting rise in the Treasury yields, the AUD/USD pair is trading above the 50-day MA of 0.7659.

20 December AUDUSD Technical Forecast

  • Aussie holds above 50-day MA.
  • AU-US yield spread widens, AUD/USD could test 200-day MA hurdle.

The resilience is not surprising, given the spread or the difference between the 10-year Aussie bond yield and the US Treasury yield has increased in the AUD-positive manner to 19 basis points (bps) today from the previous day’s print of 12 bps.

The AUD favourable yield spread indicates the spot could rise to 200-day MA hurdle of 0.7692.

Support levels: 0.7640 0.7600 0.7570

Resistance levels: 0.7700 0.7730 0.7770


This article “ 20 December AUDUSD Technical Forecast ” was written by analysts at GKFX. The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice.

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