AUDUSD Price Tests the Support – Forecast for June 27, 2024

by Jennifer

AUDUSD Price Analysis

Expected Scenario


The AUDUSD price encountered significant negative pressure yesterday, leading to a retest of the key support level at $0.6640. The price has since stabilized above this level and is beginning to rise, driven by positive stochastic indicators. This movement maintains the bullish trend scenario, with an anticipated target of $0.6728.


Holding above $0.6640 is crucial for the continuation of the expected rise. A break below this level would reverse the trend, potentially pushing the price towards the $0.6570 area in the near term.

Expected Trading Range

  • Support: $0.6630
  • Resistance: $0.6720

Trend Forecast: Bullish

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