The Australian Dollar to US Dollar (AUD/USD) currency pair is ending the trading week with gains near the 0.7247 level. Buyers could still break through the key resistance level. 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 pressure from asset buyers 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 0.7085. Then, a rebound upward and continued growth in AUD/USD with a potential target above 0.7705 on the foreign exchange market.
AUD/USD Weekly Forecast May 11 – 15, 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 bounces from this line. A decline and a breakout of 0.6915 will cancel out the AUD/USD’s growth potential during the current trading week of May 11-15, 2026. This will indicate a breakout of support and continued decline in the Australian Dollar on Forex with a potential target of 0.6475. A breakout of the resistance area and a price close above 0.7345 will confirm continued growth.
AUD/USD Weekly Forecast May 11 – 15, 2026 suggests an attempt to develop a bearish correction and test the 0.7085 level. Further growth is expected above 0.7705. 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 the 0.6915 area would cancel out the upward trend. This would indicate a breakout of the support area and a continued decline with a target below 0.6475.
