The AUDUSD price under the negative pressure – Forecast today – 02-07-2024

forex-news-aud_1AUDUSD Price Analysis

Expected Scenario
The AUDUSD price approached 0.6700$ barrier and bounced downwards clearly from there, to press on 0.6640$ level and attempt to break it now, to hint heading to decline in the upcoming sessions, on its way to achieve negative targets that reach 0.6570$.
Therefore, the bearish bias will be suggested for today, taking into consideration that failing to confirm breaking 0.6640$ will lead the price to recover again and build bullish wave that targets 0.6728$ areas mainly.

Expected Trading Range
Between 0.6580$ support and 0.6680$ resistance.

Trend Forecast: Bearish

Origin: Economies

 

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