The AUD/USD currency pair finished the trading week near the 0.7121 area. The pair continues to move within an upward trend and a bullish channel. Moving averages indicate the presence of a bullish trend. The price broke above the area between the signal lines, signaling buying pressure and the potential continuation of growth from current levels. At this stage, a bearish correction is expected with a test of the support area near 0.6985. After that, a rebound upward is likely, followed by continued growth toward levels above 0.7475.
AUD/USD Weekly Forecast March 2 – 6, 2026
An additional signal in favor of growth will be a rebound from the lower boundary of the bullish channel. The second signal will be a rebound from the ascending trend line on the RSI indicator. The bullish scenario will be canceled by a decline and a breakout below 0.6845. This would indicate a breakout of support and continued decline toward the 0.6615 level. Confirmation of further growth will come from a breakout of the resistance area and a close above 0.7205.
AUD/USD Weekly Forecast March 2 – 6, 2026 suggests a bearish correction toward 0.6985, followed by continued growth above 0.7475. A breakout below 0.6845 would cancel the bullish scenario and indicate a decline toward levels below 0.6615.
