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AUD/USD Under Negative Pressure – June 28, 2024

by Jennifer

The AUD/USD pair started the day with clear negative momentum, breaking below the $0.6640 level and attempting to hold below it. This signals a potential decline in the upcoming sessions, with the primary target set at $0.6570.

Given this outlook, a bearish bias is suggested for today. However, if the pair breaches $0.6640 and holds above it, the bullish wave scenario will be reactivated, with the next target reaching $0.6728.

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For today, the expected trading range for the AUD/USD pair is between the support level of $0.6570 and the resistance level of $0.6770.

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Trend Forecast: Bearish

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