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AUDUSD Price Awaits More Rise – Forecast for June 20, 2024

by Jennifer

AUDUSD Price Analysis

Expected Scenario

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The AUDUSD pair has been consolidating around the $0.6670 level since yesterday, poised to resume its anticipated bullish movement on an intraday basis with a target set at $0.6728. The current sideways fluctuation is attributed to stochastic negativity, awaiting a positive momentum shift to support the expected upward movement. This bullish outlook remains valid unless the price breaks below and sustains below $0.6640.

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Expected Trading Range

For today, the expected trading range for AUDUSD is between the $0.6620 support and the $0.6720 resistance.

Trend Forecast: Bullish

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