The Australian Dollar to US Dollar (AUD/USD) currency pair is ending the trading week near 0.6538. The pair continues to move within a developing correction and the main descending channel. Moving averages indicate a bullish trend. Prices have broken upwards through the area between the signal lines, indicating pressure from asset buyers and potential continued growth in the currency pair. Currently, we should expect an attempt at a bullish correction and a test of the resistance area near 0.6625. A rebound and continued decline in AUD/USD will then occur, with a potential target below 0.6235 on the foreign exchange market.
AUD/USD Weekly Forecast November 3 – 7, 2025
An additional signal favoring a decline in the pair on Forex will be a rebound from the upper boundary of the Head and Shoulders reversal pattern. A second signal will be a rebound from the resistance line on the relative strength indicator (RSI). A strong rally and a breakout of 0.6805 will cancel out the downward trend in the AUD/USD currency pair during the current trading week, November 3-7, 2025. This will indicate a breakout of the resistance level and continued growth in the Australian Dollar on Forex, with a potential target at 0.7175. A breakout of the support area and a price close below 0.6355 will confirm the continuation of the decline, indicating a breakout of the lower boundary of the Head and Shoulders reversal pattern and the beginning of the pattern’s implementation with targets below.
AUD/USD Weekly Forecast November 3 – 7, 2025 suggests an attempt to develop a bullish correction and test the 0.6625 level. Subsequently, the currency pair is expected to continue falling below 0.6235. A test of the trend line on the relative strength indicator (RSI) would support a decline in the pair this trading week. A strong rally and a breakout of the 0.6805 area would cancel out the downside scenario. This would indicate a breakout of the resistance area and a continued rise in the pair with a target above 0.7175.
