The Australian Dollar to US Dollar (AUD/USD) currency pair is ending the trading week near 0.6684. The pair continues to move within the developing bullish correction and the formation of a Double Top reversal pattern. Moving averages indicate a bullish trend. Prices have broken upwards through the area between the signal lines, indicating pressure from asset buyers and potential continued growth in the currency pair. Currently, we should expect an attempt at a bullish correction and a test of the resistance area near 0.6725. A rebound and continued decline in AUD/USD will then occur, with a potential target below 0.6235 on the foreign exchange market.
AUD/USD Weekly Forecast January 12 – 16, 2026
An additional signal favoring a decline in the pair on Forex will be a rebound from the upper boundary of the Double Top reversal pattern. A second signal will be a rebound from the descending resistance line on the Relative Strength Index (RSI). A strong rally and a breakout of 0.6905 will cancel out the downward trend in the AUD/USD currency pair during the current trading week of January 12-16, 2026. This will indicate a breakout of the resistance level and continued growth in the Australian Dollar on Forex, with a potential target at 0.7175. A breakout of the support area and a price close below 0.6375 will confirm the continuation of the decline, indicating a breakout of the lower boundary of the bullish channel.
AUD/USD Weekly Forecast January 12 – 16, 2026 suggests an attempt to develop a bullish correction and test the 0.6725 level. Subsequently, the currency pair is expected to continue falling below 0.6235. A test of the trend line on the relative strength indicator (RSI) would support a decline in the pair this trading week. A strong rally and a breakout of the 0.6905 area would cancel out the downside scenario. This would indicate a breakout of the resistance area and a continued rise in the pair with a target above 0.7175.
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