Forecasts
Forex Guides
Members

AUD/USD Forecast 1 Jun 15

Good day forex traders and readers.

Welcome to another of our popular AUD/USD forecast. How have the Aussie been treating you? Green pips I hope. 🙂

In the previous AUD/USD forecast we noted that the currency pair did achieve the bullish target of 0.8 as expected. We need to be cautious of the region of 0.81 as we could see on the technical chart considerable price action. A bearish recovery would likely see a return to the 0.785 region.

(null)


Technical Analysis

Looking at the AUD/USD weekly chart above we note that the currency pair did turn bearish as a result of the failure to breach 0.81.

The 0.785 bearish target was achieved and now the AUD/USD is testing the support region of 0.765. Should the currency pair manage to push below 0.755, we may be looking at new lows for the AUD/USD.

Dropping down to shorter timeframes may give insights to immediate price actions. Close monitoring is strongly recommended.



Fundamental Analysis

The volatility situation of the China economy is spreading to a number of emerging economies and this is likely to be increasing apprehension. Furthermore as the biggest trading partner of Australia, the current situation is likely to influence the Australian economy.

With the recent easing of commodities prices, Australia being a commodity driven economy will likely feel a pinch.

The Rsserve Bank of Australia cash rate event in the early part of the week is crucial as we need to determine the central bank’s stance towards the recent economic developments.

Other critical economic events like the US Non-Farm Payroll will also likely impact the currency pair. Do trade with prudence.

We Need Your Support!

As you know, I do not have any budget and I have never charged you for all the work. I need your support to get the word out on the website so that more people will visit and I can continue writing for you. Please share the website in facebook, forums, websites and communities. Thank you.

Invest In Yourself And Get Premium Analysis
Less than 20 cents a day
Major Currency Pairs Analysis
Forex Sentiment Analysis
Understand The Market
10 days money back guarantee

View Subscription Options

Would you like to connect?
Get notifications on new forecasts and articles.

Sign up to our emailing list and get your FREE Stop Losing and Start Winning in Forex Checklist!

Trending Forex Articles

  • EURUSD Weekly ForecastAUD/USD Forecast 1 Jun 15
  • AUD/USD Forecast 1 Jun 15
  • AUD/USD Forecast 1 Jun 15
  • AUD/USD Forecast 1 Jun 15
  • EURUSD Weekly ChartAUD/USD Forecast 1 Jun 15
  • AUD/USD Forecast 1 Jun 15
TheGeekKnows