The currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6384 area. The pair continues to move within the development of the correction and the descending channel. The moving averages indicate the presence of a bearish trend. Prices are again testing the area between the signal lines, 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 growth and a test of the resistance area near the 0.6465 level. Then, a rebound downwards and a continuation of the fall of AUD/USD with a potential target below the 0.6045 level on the foreign exchange market.
AUD/USD Weekly Forecast February 24 — 28, 2025
An additional signal in favor of the fall of the pair on Forex will be a rebound from the lower 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 option of a fall of the AUD/USD currency pair in the current trading week of February 24 — 28, 2025 will be strong growth and a breakout of the 0.6645 level. This will indicate a breakout of the resistance level and continued growth of the Australian Dollar on Forex with a potential target at 0.6875. Confirmation of the development of the fall will be a breakout of the support area and closing prices below 0.6325.
AUD/USD Weekly Forecast February 24 — 28, 2025 suggests an attempt to develop a bullish correction and test the level of 0.6465. Further, the continuation of the fall of the currency pair below the level of 0.6045. A test of the trend line on the relative strength indicator will be in favor of a decrease in the pair in the current trading week. Cancellation of the fall option will be strong growth and a breakout of the 0.6645 area. This will indicate a breakout of the resistance area and a continued rise of the pair with a target above 0.6875.
