The currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the area of 0.6548. The pair continues to move within the framework of correction development and formation of the reversal pattern “Wedge”. Moving averages indicate the presence of a bearish trend. Prices broke through the area between the signal lines upward, which indicates pressure from the buyers of the asset and the potential continuation of growth in the value of the currency pair. At the moment, we should expect an attempt to develop a bullish correction and test the resistance area near the level of 0.6605. Then, a downward rebound and continuation of AUD/USD decline with a potential target below the level of 0.6085 on the currency market.
AUD/USD Weekly Forecast July 7 — 11, 2025
An additional signal in favor of the pair’s fall on Forex will be a rebound from the upper boundary of the descending channel. The second signal will be a rebound from the resistance line on the relative strength indicator (RSI). A strong growth and breakdown of 0.6755 level will be the cancellation of the AUD/USD currency pair downside option for the current trading week July 7 — 11, 2025. This will indicate the breakdown of the resistance level and the continuation of the Australian Dollar growth on Forex with a potential target at 0.7175. The confirmation of the downside development will be the breakdown of the support area and closing prices below the level of 0.6245, which will indicate the breakdown of the lower boundary of the bullish correction channel.
AUD/USD Weekly Forecast July 7 — 11, 2025 suggests an attempt to develop a bullish correction and test the level of 0.6605. Further, the currency pair will continue to fall below the level of 0.6085. In favor of the pair decline in the current trading week will be a test of the trend line on the relative strength indicator. A strong growth and breakdown of the 0.6755 area will cancel the downside option. This will indicate the breakdown of the resistance area and the continuation of the pair’s rise with the target above 0.7175.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link