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AUDUSD Price Achieves Clear Gains: Forecast for June 19, 2024

AUDUSD Price Analysis

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The AUDUSD price experienced a strong rally yesterday, breaking above the $0.6640 level and settling above it. This breakout has halted the previous negative scenario and signals a potential upward movement in the upcoming sessions, targeting areas around $0.6728 as the next main station.

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Expected Scenario

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A bullish bias is suggested for the upcoming period, with the caveat that breaking below $0.6640 could halt the expected rise and lead to a decline.

Expected Trading Range for Today

  • Support: $0.6620
  • Resistance: $0.6720

Trend Forecast: Bullish

The AUDUSD pair is expected to continue its bullish trend, supported by recent gains and technical indicators pointing towards further upward movement.

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