The currency pair Australian Dollar to US Dollar AUD/USD ends the trading week with growth near the 0.7134 area. The bulls have not yet been able to break through the key resistance. The pair continues to move within the bullish channel. Moving averages indicate an upward trend. Prices have broken through the area between the signal lines upward, which indicates growing pressure from buyers of the asset and a potential continued growth in the value of the currency pair. At the moment, we should expect an attempt to develop a bearish correction and a test of the support area near the level of 0.7025. Then, a rebound upward and continued growth of AUD/USD with a potential target above the level of 0.7575 on the foreign exchange market.
AUD/USD Weekly Forecast April 27 – May 1, 2026
An additional signal in favor of the pair’s growth on Forex will be a rebound from the lower border of the bullish channel. The second signal will be a rebound from the ascending trend line on the relative strength indicator (RSI), it is worth noting that there have already been several rebounds from this line. Cancellation of the growth option for the AUD/USD currency pair in the current trading week of April 27 – May 1, 2026 will be a fall and a breakdown of the level of 0.6805. This will indicate a breakdown of the support level and a continuation of the fall of the Australian Dollar on Forex with a potential target at 0.6335. Confirmation of the development of growth will be a breakdown of the resistance area and closing prices above the level of 0.7275.
AUD/USD Weekly Forecast April 27 – May 1, 2026 suggests an attempt to develop a bearish correction and test the level of 0.7025. Further, the currency pair continues to grow above the level of 0.7575. A test of the trend line on the relative strength index (RSI) will support the growth of the pair in the current trading week. Cancellation of the rise option will be a fall and a breakdown of the 0.6805 area. This will indicate a breakdown of the support area and a continued fall of the pair with a target below 0.6335.
