The Australian Dollar to US Dollar currency pair AUD/USD continues to move within the correction and bullish channel. Moving averages indicate a short-term bullish trend. Prices have broken through the area between the signal lines upwards, indicating pressure from the bulls of the currency pair and a potential continuation of the instrument’s growth from current levels. At the time of publication of the forecast, the Australian dollar to US dollar exchange rate is 0.6573. At the moment, we should expect an attempt to develop a decline and test the support area near the level of 0.6535. Further, a rebound in prices and a continuation of growth in quotes to the area above the level of 0.6645.
Australian Dollar Forecast AUD/USD for July 3, 2025
An additional signal in favor of the growth of the AUD/USD currency pair will be a rebound from the support line on the relative strength index (RSI). The second signal in favor of this scenario will be a rebound from the lower border of the bullish channel. A fall in prices and a break of the 0.6635 level will cancel the scenario of growth in the Australian dollar on Forex. This will indicate a break of the support area and a continuation of the decline in the AUD/USD currency pair with a potential target below the 0.6945 level. Confirmation of the pair’s rise should be expected with a breakout of the resistance area and a close above the 0.6605 level, which would indicate a breakout of the upper border of the bullish channel.
Australian Dollar Forecast AUD/USD for July 3, 2025 suggests an attempt to test the support level near the 0.6535 area. Further, the pair will continue to rise above the 0.6645 level. An additional signal in favor of the pair’s rise will be a rebound from the trend line on the relative strength indicator. The growth scenario will be canceled if the AUD/USD quotes fall and break through the 0.6635 area. This will indicate a continuation of the decline in quotes with a potential target below the 0.6945 level.
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