The AUDUSD price keeps declining – Forecast today – 24-07-2024

forex-news-audThe AUDUSD price confirmed breaking 0.6640$ level to hint more negative trades and reach 0.6600$ barrier, starting today with more decline and approach the waited target at 0.6570$, and the way seems open to surpass this level to achieve additional negative targets that reach 0.6500$ on the near-term basis.

Therefore, we will continue to suggest the bearish trend for the upcoming period, noting that breaching 0.6640$ will stop the negative scenario and lead the price to start recovery attempts on the intraday basis.

The expected trading range for today is between 0.6535$ support and 0.6640$ resistance

Trend forecast: Bearish

Origin: Economies

 

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