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AUDUSD Price Shows Signs of Recovery – Forecast for July 1, 2024

by Jennifer

AUDUSD Price Analysis

The AUDUSD pair has rebounded significantly following recent sessions of negative pressure, reactivating a bullish trend with a next target set at $0.6728.

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Analysts anticipate a continued bullish bias in upcoming sessions, provided the pair garners sufficient positive momentum to sustain the rise and achieve the projected targets. However, a drop below $0.6640 could shift the outlook to negative, initially targeting $0.6570.

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Expected Trading Range

The expected trading range for the immediate sessions is between support at $0.6630 and resistance at $0.6730.

Trend Forecast: Bullish

The trend forecast remains bullish for the AUDUSD pair in the near term.

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