The Australian Dollar to US Dollar (AUD/USD) currency pair is ending the trading week near the 0.7002 area. The pair continues to move within a growing and 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 0.6835. This will then lead to an upward rebound and continued growth in AUD/USD, with a potential target above 0.7365 in the forex market.
AUDUSD Weekly Forecast February 2 – 6, 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). A decline and a breakout of 0.6735 will cancel out the AUD/USD’s growth potential during the current trading week (February 2 – 6, 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 0.6525. A breakout of the resistance area and a price close above 0.7125 will confirm continued growth.
AUDUSD Weekly Forecast February 2 – 6, 2026 suggests an attempt to develop a bearish correction and test the 0.6835 level. Further growth is expected above 0.7365. 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 0.6735 area will cancel out the upward trend. This would indicate a breakout of the support area and a continued decline with a target below 0.6525.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
