The currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6237 area. There is still potential for the formation of the “Head and Shoulders” reversal pattern. The pair continues to move within the development of the fall and the descending channel. The moving averages indicate the presence of a bearish trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from asset sellers and a potential continuation of the fall in the value of the currency pair. At the moment, we should expect an attempt to develop a bullish correction and a test of the resistance area near the level of 0.6365. Then, a downward rebound and a continuation of the fall of AUD/USD with a potential target below the level of 0.5835 on the foreign exchange market.
AUD/USD Weekly Forecast April 7 — 11, 2025
An additional signal in favor of the fall of the pair on Forex will be a rebound from the upper border of the descending channel. The second signal will be a rebound from the resistance line on the relative strength indicator (RSI). The cancellation of the fall option for the AUD/USD currency pair in the current trading week of April 7 — 11, 2025 will be a strong growth and a breakout of the 0.6575 level. This will indicate a breakout of the resistance level and continued growth of the Australian Dollar on Forex with a potential target at 0.6935. Confirmation of the development of the fall will be a breakout of the support area and closing of prices below the level of 0.6195, which will indicate a breakout of the lower border of the bullish correction channel.
AUD/USD Weekly Forecast April 7 — 11, 2025 suggests an attempt to develop a bullish correction and test the 0.6365 level. Further, the continuation of the fall of the currency pair below the level of 0.5835. A test of the trend line on the relative strength indicator will be in favor of the decline of the pair in the current trading week. The cancellation of the fall option will be a strong growth and a breakout of the 0.6575 area. This will indicate a breakout of the resistance area and a continuation of the rise of the pair with a target above 0.6935.
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