AUD/USD Forecast Dec. 31 - Jan. 4 2019 – Aussie Closes Miserable Year On A Whimper

Close by is the support level of 0.6970, which played a role back in January 2017. Below, 0.6825 supported the pair in late 2016 and early 2017.

0.6775 is the next support level. Below, 0.6686 was an important cap back in January 2000.

0.6532 is the final support level for now.

I am bearish on AUD/USD

Following a dismal December, traders shouldn’t expect glad tidings for the Aussie. The rough ride could continue, as investor risk apprehension remains high after sharp volatility on global equity markets. The shutdown of the U.S government could further sour investor sentiment, making risk currencies like the Australian dollar less attractive.

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