The Australian Dollar to US Dollar (AUD/USD) currency pair ended the trading week with a decline near the 0.71593 level. The pair continues to move within a bullish channel. Moving averages indicate an uptrend. Prices have broken above the signal lines, indicating growing buying pressure and potential continued growth in the pair. Currently, we expect an attempt to continue the rally and a test of the resistance area near 0.7175. This should be followed by a downward rebound and continued decline in AUD/USD, with a potential target below 0.6665 in the foreign exchange market.
AUDUSD Weekly Forecast August 31 – September 4, 2026
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. The second signal will be a rebound from the descending resistance line on the relative strength indicator (RSI). A strong rally and a breakout of 0.7365 would cancel the AUD/USD downside scenario for the current trading week (August 31 – September 4, 2026). This would indicate a breakout of the resistance level and continued growth of the Australian Dollar on Forex, with a potential target at 0.7675. A breakout of the support area and a price close below 0.6995 would confirm the continuation of the downside trend, indicating a breakout of the lower boundary of the bullish channel.
AUDUSD Weekly Forecast August 31 – September 4, 2026 suggests an attempt to develop a bullish correction and a test of 0.7175. Subsequently, a continued decline in the currency pair below 0.6665 would be expected. A test of the trendline on the relative strength indicator would support a downside scenario this trading week. A strong rally and a breakout of 0.7365 would cancel the downside scenario. This will indicate a breakout of the resistance area and a continued rise in the pair with a target above 0.7675.
