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AUDUSD Price Forecast – June 24, 2024: Bearish Outlook

by Jennifer

AUDUSD Price Analysis

The AUDUSD price is currently experiencing negative pressure, aiming to break below the crucial support level at $0.6640. If this level is breached successfully, the price is expected to continue its decline in the upcoming sessions, targeting the $0.6570 area as the next significant support zone.

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Expected Scenario

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Today, the bias for the AUDUSD pair is bearish. Traders should anticipate further downward movement, contingent upon the price remaining below the $0.6640 level. Re-establishing above this level, however, could revive a bullish momentum with a potential target around $0.6728.

Expected Trading Range

  • Support: $0.6575
  • Resistance: $0.6680

Trend Forecast: Bearish

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