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AUD/USD Price Forecast for July 3, 2024

by Jennifer

AUD/USD Price Analysis:

The AUD/USD pair has shown resilience, failing to break below the $0.6640 level and rebounding with a bullish momentum. This recovery is expected to target the $0.6728 level in the upcoming sessions.

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The bullish bias is likely to continue, supported by the 50-day Exponential Moving Average (EMA). However, it is important to note that a break below the $0.6640 level would invalidate this bullish outlook and potentially lead to a decline in the price.

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Expected Trading Range:

Today’s trading range is expected to be between the $0.6630 support level and the $0.6730 resistance level.

Trend Forecast: Bullish

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