Technical Analysis & Forecast for June 30, 2023
<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/TA_14-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="Technical Analysis & Forecast" decoding="async" loading="lazy" style="margin-bottom: 15px;" /></div><p><a href="https://roboforex.com/beginners/info/charts/metals/xauusd/" data-internallinksmanager029f6b8e52c="43" title="XAU/USD">Gold</a> is in a consolidation phase before a potential decline. This overview also covers the latest developments in <a href="https://roboforex.com/beginners/info/charts/forex/eurusd/" data-internallinksmanager029f6b8e52c="35" title="EUR/USD">EUR</a>, <a href="https://roboforex.com/beginners/info/charts/forex/gbpusd/" data-internallinksmanager029f6b8e52c="36" title="GBP/USD">GBP</a>, <a href="https://roboforex.com/beginners/info/charts/forex/usdjpy/" data-internallinksmanager029f6b8e52c="40" title="USD/JPY">JPY</a>, <a href="https://roboforex.com/beginners/info/charts/forex/usdchf/" data-internallinksmanager029f6b8e52c="39" title="USD/CHF">CHF</a>, <a href="https://roboforex.com/beginners/info/charts/forex/audusd/" data-internallinksmanager029f6b8e52c="33" title="AUD/USD">AUD</a>, Brent, and the S&P 500 index.</p>
<h2>EUR/USD (Euro vs US Dollar)</h2>
<figure><img decoding="async" loading="lazy" width="1593" height="707" src="https://blog.roboforex.com/wp-content/uploads/2023/06/EURUSDH1-16.png" alt="EUR/USD (Euro vs US Dollar)" class="wp-image-16662" srcset="https://blog.roboforex.com/wp-content/uploads/2023/06/EURUSDH1-16.png 1593w, https://blog.roboforex.com/wp-content/uploads/2023/06/EURUSDH1-16-360×160.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/06/EURUSDH1-16-768×341.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/06/EURUSDH1-16-1536×682.png 1536w" sizes="(max-width: 1593px) 100vw, 1593px" /></figure><p>EUR/USD has completed a downward wave, reaching 1.0859. The market is currently consolidating above this level, with a potential range extension to 1.0899. However, a decline to 1.0821 is anticipated, followed by further downside movement to 1.0744.</p>
<h2>GBP/USD (Great British Pound vs US Dollar)</h2>
<figure><img decoding="async" loading="lazy" width="1593" height="707" src="https://blog.roboforex.com/wp-content/uploads/2023/06/GBPUSDH1-15.png" alt="GBP/USD (Great British Pound vs US Dollar)" class="wp-image-16663" srcset="https://blog.roboforex.com/wp-content/uploads/2023/06/GBPUSDH1-15.png 1593w, https://blog.roboforex.com/wp-content/uploads/2023/06/GBPUSDH1-15-360×160.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/06/GBPUSDH1-15-768×341.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/06/GBPUSDH1-15-1536×682.png 1536w" sizes="(max-width: 1593px) 100vw, 1593px" /></figure><p>GBP/USD is experiencing a consolidation phase around 1.2628. If the range breaks downward, it may lead to a decline wave towards 1.2540, and potentially continuing to 1.2497.</p>
<h2>USD/JPY (US Dollar vs Japanese Yen)</h2>
<figure><img decoding="async" loading="lazy" width="1593" height="707" src="https://blog.roboforex.com/wp-content/uploads/2023/06/USDJPYH1-16.png" alt="USD/JPY (US Dollar vs Japanese Yen)" class="wp-image-16664" srcset="https://blog.roboforex.com/wp-content/uploads/2023/06/USDJPYH1-16.png 1593w, https://blog.roboforex.com/wp-content/uploads/2023/06/USDJPYH1-16-360×160.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/06/USDJPYH1-16-768×341.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/06/USDJPYH1-16-1536×682.png 1536w" sizes="(max-width: 1593px) 100vw, 1593px" /></figure><p>USD/JPY has completed an upward wave, reaching 145.03. A decline to 143.93 could occur today, and if this level is broken, it may lead to a drop towards 143.30.</p>
<h2>USD/CHF (US Dollar vs Swiss Franc)</h2>
<figure><img decoding="async" loading="lazy" width="1593" height="707" src="https://blog.roboforex.com/wp-content/uploads/2023/06/USDCHFH1-15.png" alt="USD/CHF (US Dollar vs Swiss Franc)" class="wp-image-16665" srcset="https://blog.roboforex.com/wp-content/uploads/2023/06/USDCHFH1-15.png 1593w, https://blog.roboforex.com/wp-content/uploads/2023/06/USDCHFH1-15-360×160.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/06/USDCHFH1-15-768×341.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/06/USDCHFH1-15-1536×682.png 1536w" sizes="(max-width: 1593px) 100vw, 1593px" /></figure><p>USD/CHF is currently consolidating within a range around 0.8983, without a clear <a title="<div class="wpg-tooltip-content"><p>A trend is a direction in which the market or the price of an instrument is moving. Trends can be upward, downward or sideways and are common to all types of markets.</p></div>" href="https://blog.roboforex.com/glossary-terms/trend/">trend</a>. A potential upward movement to 0.9024 is possible today, and a break above this level could open the door for a rise towards 0.9055, which is a local target.</p>
<h2>AUD/USD(Australian Dollar vs US Dollar)</h2>
<figure><img decoding="async" loading="lazy" width="1593" height="707" src="https://blog.roboforex.com/wp-content/uploads/2023/06/AUDUSDH1-15.png" alt="AUD/USD(Australian Dollar vs US Dollar)" class="wp-image-16666" srcset="https://blog.roboforex.com/wp-content/uploads/2023/06/AUDUSDH1-15.png 1593w, https://blog.roboforex.com/wp-content/uploads/2023/06/AUDUSDH1-15-360×160.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/06/AUDUSDH1-15-768×341.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/06/AUDUSDH1-15-1536×682.png 1536w" sizes="(max-width: 1593px) 100vw, 1593px" /></figure><p>AUD/USD is forming a consolidation range around 0.6612. The range could extend to 0.6650 today, but a subsequent decline to 0.6587 is expected. The downward trend might then continue towards 0.6565.</p>
<h2>BRENT</h2>
<figure><img decoding="async" loading="lazy" width="1593" height="707" src="https://blog.roboforex.com/wp-content/uploads/2023/06/BRENTH4-7.png" alt="BRENT" class="wp-image-16667" srcset="https://blog.roboforex.com/wp-content/uploads/2023/06/BRENTH4-7.png 1593w, https://blog.roboforex.com/wp-content/uploads/2023/06/BRENTH4-7-360×160.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/06/BRENTH4-7-768×341.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/06/BRENTH4-7-1536×682.png 1536w" sizes="(max-width: 1593px) 100vw, 1593px" /></figure><p>Brent has completed an upward wave, reaching 74.60. The market is currently consolidating around this level. If the price breaks above this range, the wave could continue towards 77.34, and potentially extend to 81.60.</p>
<h2>XAU/USD (Gold vs US Dollar)</h2>
<figure><img decoding="async" loading="lazy" width="1593" height="707" src="https://blog.roboforex.com/wp-content/uploads/2023/06/XAUUSDH1-15.png" alt="XAU/USD (Gold vs US Dollar)" class="wp-image-16668" srcset="https://blog.roboforex.com/wp-content/uploads/2023/06/XAUUSDH1-15.png 1593w, https://blog.roboforex.com/wp-content/uploads/2023/06/XAUUSDH1-15-360×160.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/06/XAUUSDH1-15-768×341.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/06/XAUUSDH1-15-1536×682.png 1536w" sizes="(max-width: 1593px) 100vw, 1593px" /></figure><p>Gold has completed a downward wave, reaching 1893.00. A correctional move to 1913.00 has formed, and the market is currently consolidating below this level. The range is expected to extend to 1902.85. If the price breaks out above the range, the correction might continue towards 1936.85. Conversely, a break below the range could initiate a new wave of decline towards 1891.00.</p>
<h2>S&P 500</h2>
<figure><img decoding="async" loading="lazy" width="1593" height="707" src="https://blog.roboforex.com/wp-content/uploads/2023/06/US500CashH4-13.png" alt="S&P 500" class="wp-image-16669" srcset="https://blog.roboforex.com/wp-content/uploads/2023/06/US500CashH4-13.png 1593w, https://blog.roboforex.com/wp-content/uploads/2023/06/US500CashH4-13-360×160.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/06/US500CashH4-13-768×341.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/06/US500CashH4-13-1536×682.png 1536w" sizes="(max-width: 1593px) 100vw, 1593px" /></figure><p>The stock index has completed an upward wave, reaching 4380.0. A consolidation range has formed around this level. Today, the market suggests a potential breakout above the range, extending the upward structure to 4423.8. After reaching this level, a new wave of decline towards 4310.0 is expected to commence.</p>
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