Currency pair Australian Dollar to US Dollar AUD/USD concludes the trading week near the area of 0.6443. The pair continues movement within the development of a bull correction and a descending channel. Moving averages indicate the presence of a bearish trend. Prices are once again testing the area between signal lines, which indicates pressure from sellers of the asset and the potential continuation of the depreciation of the currency pair’s value. Currently, it is expected that an attempt at developing a bull correction and testing the resistance area near the level 0.6605 will occur. Then, a bounce down and further decline in AUD/USD with a potential target below the level of 0.6175 on the foreign exchange market.
AUD/USD Weekly Forecast May 26 — 30, 2025
Additional signals for the potential decline of the Forex pair would be a rebound from the upper boundary of the descending channel. Another signal would be a rebound from the resistance line on the Relative Strength Index (RSI) indicator. Cancelling the option of AUD/USD currency pair’s drop during the current trading week of May 26 — 30, 2025, will be a strong rise and breaking through the level of 0.6785. This would indicate breaking through the resistance level and continuation of the growth of the Australian Dollar on Forex with potential targets at levels up to 0.7125. Confirmation of the decline would come from breaking through the support area and closing prices below the level of 0.6265, indicating a break of the lower border of the bear correction channel.
AUDUSD Weekly Forecast May 26 — 30, 2025 anticipates a bullish correction attempt and testing of the level at 0.6605. Then, continuation of the currency pair’s fall below the level of 0.6175 afterwards. A downward movement for the current trading week will be supported by testing the trend line on the Relative Strength Index (RSI) indicator. Rejection of the decline option will be a strong rise and penetration into the area at 0.6785, indicating a breakout above the resistance zone and continuation of the pair’s rally with a target above 0.7125.
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