The Australian Dollar to US Dollar (AUD/USD) currency pair is ending the trading week with a correction near 0.7172. The pair continues to move within a bullish channel. Moving averages indicate an upward trend. Prices have broken above the area between the signal lines, indicating growing buying pressure and potential continued growth in the pair. Currently, we should expect an attempt at a bearish correction and a test of the support area near 0.7125. This should then be followed by an upward rebound and continued growth in AUD/USD with a potential target above 0.7685 in the forex market.
AUD/USD Weekly Forecast June 1 – 5, 2026
An additional signal in favor of the pair’s growth on Forex will be a rebound from the lower boundary of the bullish channel. A second signal will be a rebound from the ascending trend line on the relative strength indicator (RSI); it’s worth noting that there have already been several rebounds from this line. A decline and a breakout of 0.6885 will cancel out the AUD/USD’s growth potential during the current trading week (June 1-5, 2026). This will indicate a breakout of the support level and a continued decline in the Australian Dollar on Forex, with a potential target at 0.6485. A breakout of the resistance area and a price close above 0.7265 will confirm continued growth.
AUD/USD Weekly Forecast June 1 – 5, 2026 suggests an attempt to develop a bearish correction and test the 0.7125 level. Further growth is expected above 0.7685. A test of the trendline on the relative strength indicator (RSI) will support the pair’s upside this week. A decline and a breakout of the 0.6885 area will cancel out the upward trend. This will indicate a breakout of the support area and continued decline with a target below 0.6485.
