AUDUSD: Struggling Against Bearish Economic Pressure, +USD!Australian Dollar/US DollarFX:AUDUSDRT_MoneyWelcome back to the Weekly Forex Forecast for the week of June 8 - 11th. The AUD/USD pair is currently facing a bearish bias and is expected to experience downward pressure or consolidation this week, trading near the 0.7024 level. The pair faces resistance near the 0.7200 mark and risks further decline if key support levels are broken. What to watch for: - Technical Levels: Strong close to last week's candle. If downward momentum continues, it may target the 0.7000 support mark, and further breakdowns could expose the 0.6832–0.6875 zone. Conversely, breaking above the 0.7200 resistance is required to shift the bias to the upside. - US Dollar Strength: Recent US employment data has shown resilience, maintaining support for the US Dollar and tempering expectations for aggressive Federal Reserve rate cuts. - Australian Economic Data: Any signs of a softer Australian GDP print will likely add concerns about slowing economic growth, which weighs on the Australian Dollar. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.