The Australian Dollar to US Dollar (AUD/USD) currency pair is ending the trading week near the 0.6456 area. The pair continues to move within the developing bullish correction and the beginning of a Head and Shoulders reversal pattern. Moving averages indicate a bullish trend. Prices have broken below the signal lines, indicating downward pressure from asset sellers and potential continued decline in the currency pair. Currently, we should expect an attempt at a bullish correction and a test of the resistance area near 0.6515. This should then lead to a downward rebound and continued decline in AUD/USD, with a potential target below 0.6065 in the forex market.
AUD/USD Weekly Forecast December 1 – 5, 2025
An additional signal favoring a decline in the Forex pair will be a rebound from the upper boundary of the descending channel. A second signal will be a rebound from the descending resistance line on the relative strength indicator (RSI). A strong rally and a breakout of 0.6835 will cancel out the AUD/USD downside scenario for the current trading week (December 1-5, 2025). This will indicate a breakout of the resistance level and continued growth of the Australian Dollar on Forex, with a potential target at 0.7075. A breakout of the support area and a price close below 0.6335 will confirm the continuation of the decline, indicating a breakout of the lower boundary of the bullish channel.
AUD/USD Weekly Forecast December 1 – 5, 2025 suggests an attempt to develop a bullish correction and test the 0.6515 level. Subsequently, the currency pair is expected to continue falling below 0.6065. A test of the trendline on the relative strength indicator (RSI) will support a decline this week. A strong rally and a breakout of the 0.6835 area would cancel out the downside scenario. This would indicate a breakout of the resistance area and a continued rally with a target above 0.7075.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
