The Australian Dollar to US Dollar (AUD/USD) currency pair is ending the trading week with a decline near the 0.7040 area. Pressure on the Australian dollar increased amid deteriorating global risk appetite, driven by geopolitical tensions in the Middle East and a decline in interest in risky assets. An additional factor was the Reserve Bank of Australia’s continued cautious stance, signaling a shift to a wait-and-see approach following a series of rate hikes. The Reserve Bank of Australia has already raised its rate three times this year. Governor Michele Bullock noted that the effects of policy tightening are gradually becoming apparent in the economy, but inflation remains elevated, preserving the likelihood of further tightening. Fundamentally, the situation remains mixed: high inflation supports expectations for further rate hikes, while deteriorating global sentiment limits the AUD’s upside potential.
The pair continues to move within a bullish channel. Moving averages indicate an upward trend. Prices are once again testing the area between the signal lines, indicating growing pressure from asset buyers and potential continued growth in the currency pair. Currently, we expect an attempt at a bearish correction and a test of the support area near 0.6875. This will be followed by an upward rebound and continued growth in AUD/USD, with a potential target above 0.7335 in the forex market.
AUD/USD Weekly Forecast June 8 – 12, 2026
An additional signal in favor of the pair’s growth in Forex will be a rebound from the lower boundary of the bullish channel. A second signal will be a rebound from the ascending trendline 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 0.6705 will cancel out the AUD/USD’s upward trend in the current trading week of June 8-12, 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 0.6335. A breakout of the resistance area and a price close above 0.7175 will confirm further growth.
AUD/USD Weekly Forecast June 8 – 12, 2026 suggests an attempt to develop a bearish correction and test 0.6875. Further growth is expected above 0.7335. A test of the trend line on the relative strength indicator (RSI) will support the pair’s upward trend this week. A decline and a breakout of 0.6705 will cancel out the upward trend. This will indicate a breakout of the support area and a continued decline in the pair, with a target below 0.6335.
