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.


Expected Scenario


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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