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AUD/USD

**AUD/USD Weekly Forecast: June 2024 – Riding the Risks and Opportunities Ahead**

AUD/USD faces critical tests in June 2024 as Fed’s hawkish stance contrasts with RBA’s dovish signals. Key support near 0.6570 holds the line; a break lower could target 0.6450. Watch commodity price swings and risk sentiment for direction. Technicals show bearish momentum but neutral RSI suggests potential consolidation ahead. Traders should monitor weekly closes for clearer trend signals. #Forex #AUDUSD #ForexAnalysis

USD/JPY

USD/JPY Climbs to New Heights: Weekly Outlook Signals Strong Bullish Momentum Amid Diverging Central Bank Policies

USD/JPY maintains strong bullish momentum, breaking above 156.00 and setting new highs unseen since the 1990s. Supported by Fed-BoJ policy divergence and elevated US yields, the pair faces critical resistance near 158.00 and 160.00. Watch for potential pullbacks to 154.00-155.00 as traders digest these levels. Medium-term trends remain intact, fueled by sustained US monetary tightening versus Japan’s loose policy. #USDJPY #ForexAnalysis #USDJPYOutlook

AUD/USD

**AUD/USD Weekly Outlook: Risks on the Downside Amid Stalled Rally and Divergent Macro Signals**

AUD/USD showed volatility last week, capped near 0.6700 and retreating toward 0.6570 support amid mixed Australian data and cautious risk sentiment. Technicals highlight weakening bullish momentum with key resistance at 0.6700-0.6710 and support at 0.6570 and 0.6520. The US Fed’s stance remains pivotal. A break below 0.6520 could open the door to further declines; a sustained move above 0.6700 is needed to target 0.6800. Trade cautiously as global risks and data flow shape near-term direction. Analysis based on actionforex.com with insights from DailyFX and ForexLive.

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**Pound in Free Fall: Slips to Two-Month Low Amid European Trading Challenges** *By VT Markets Analysis Team* *Source: [VT Markets](https://www.vtmarkets.com/live-updates/amidst-european-trading-the-pound-faces-challenges-against-the-us-dollar-hitting-a-two-month-low/)* — **Introduction** During European trading hours, the British Pound (GBP) plunged to a two-month low against the US Dollar (USD), highlighting mounting concerns over the UK’s economic outlook amid sustained dollar strength. Traders observe this downward move as signs of underlying vulnerabilities in the pound

Amid European trading, the British Pound slipped to a two-month low against the US Dollar, pressured by soft UK economic data and ongoing US Dollar strength. Market uncertainty around Bank of England policy and global risk sentiment are adding to Sterling’s challenges as it breaks key support levels. Traders remain watchful for the pound’s next move amid these headwinds. More analysis by VT Markets Analysis Team: https://www.vtmarkets.com/live-updates/amidst-european-trading-the-pound-faces-challenges-against-the-us-dollar-hitting-a-two-month-low/

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