empty
 
 
it
Supporto
Apertura rapida di un conto
Piattaforma di trading
Ricaricare / Prelevare

03.06.202408:46 Forex Analysis & Reviews: 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.

*La presente analisi del mercato ha un carattere esclusivamente informativo e non rappresenta una guida per l`effettuazione di una transazione.

Laurie Bailey,
Analytical expert of InstaSpot
© 2007-2024
Approfittati subito dei consigli degli analisti
Deposita i fondi sul conto di trading
Apri un conto di trading

Le recensioni analitiche di InstaSpot ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaSpot, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.

In questo momento non potete parlare al telefono?
Ponete la vostra domanda nella chat.