The Australian Dollar to US Dollar (AUD/USD) currency pair is ending the trading week with strong gains near 0.7165. The pair continues to move within a bullish 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 bearish correction and a test of the support area near 0.6955. This should then be followed by an upward rebound and continued growth in AUD/USD with a potential target above 0.7675 in the forex market.
AUDUSD Weekly Forecast April 20 – 24, 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 rebounds from this line. A decline and a breakout of 0.6835 will cancel out the AUD/USD’s growth potential during the current trading week of April 20-24, 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 0.6325. A breakout of the resistance area and a price close above 0.7275 will confirm continued growth.
The AUD/USD Forex forecast for the week of April 20–24, 2026, suggests an attempt to develop a bearish correction and test the 0.6955 level. Further growth is expected above 0.7675. A test of the trendline on the relative strength indicator (RSI) will support the pair’s upside this trading week. A decline and a breakout of the 0.6835 area will cancel out the upward trend. This will indicate a breakout of the support area and continued decline with a target below 0.6325.
