empty
 
 
in
सहायता
तुरंत खाता खोलना
ट्रेडिंग प्लेटफॉर्म
जमा/ निकासी

03.06.202408:46 विदेशी मुद्रा विश्लेषण और समीक्षा: Forecast for AUD/USD on June 3, 2024

AUD/USD

The Reserve Bank of Australia meeting is scheduled for June 18. Before that, the Australian dollar must navigate the European Central Bank meeting on June 6 and the Federal Reserve meeting on June 12. Considering that the AUD/USD pair has been trading in a sideways range since May 15, the Australian dollar hardly has any reason to break out of this range before the ECB meeting. Formally, we're looking at a bullish situation on the daily chart since the price has been rising for three consecutive sessions, while the Marlin oscillator has been rising from the zero line (arrow).

Exchange Rates 03.06.2024 analysis

The market could approach the ECB meeting with a bullish bias, meaning the quote will support the resistance at 0.6690. However, if the market shows a negative reaction to the ECB meeting, the AUD/USD pair could also plunge towards 0.6627. Breaking this support level would open the target of 0.6565, the daily Kijun-Sen line.

Exchange Rates 03.06.2024 analysis

On the 4-hour chart, the price has settled above the Kijun-Sen line, and the Marlin oscillator is in positive territory. An uptrend on this chart. A consolidation below the Kijun-Sen line (0.6650) does not guarantee that the price will fall but it does confirm the intention to continue the pair's sideways movement within the 0.6627/90 range.

*यहां पर लिखा गया बाजार विश्लेषण आपकी जागरूकता बढ़ाने के लिए किया है, लेकिन व्यापार करने के लिए निर्देश देने के लिए नहीं |

Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

अभी बात नहीं कर सकते?
अपना प्रश्न पूछें बातचीत.