Currency pair Australian Dollar to US Dollar (AUD/USD) concludes the trading week near the area of 0.6418. The pair continues its movement within the framework of a bullish correction and a descending channel. Moving averages indicate the presence of bearish trend. Prices again test the zone between signal lines, which indicates pressure from the sellers of the asset and the potential continuation of the currency pair’s value decline. At this point, it is expected to anticipate the development of a bullish correction and a test of resistance area near level 0.6565. Then, a bounce down and continued AUD/USD depreciation with a potential target below the level of 0.6075 on the foreign exchange market.
AUD/USD Weekly Forecast June 2 — 6, 2025
Additional signals indicating a drop in the Forex pair will be a bounce off the upper boundary of the descending channel. A second signal will be a bounce off the resistance line on the Relative Strength Index (RSI) indicator. Cancellating the option for AUD/USD currency pair to fall during the current trading week 2 – 6 June 2025 would be a strong rise and a breakthrough at the level of 0.6765. This will indicate a breakthrough the resistance area and continued growth of the Australian Dollar on Forex with potential target at 0.7235. Confirmation of the decline will occur upon breaking the support region and closing prices below the level of 0.6275, indicating penetration of the lower border of the bearish correction channel.
AUD/USD Weekly Forecast June 2 — 6, 2025 anticipates an attempt at a bullish correction and testing the level of 0.6565. Then, continuation of currency pair depreciation below the level of 0.6075. A reduction in the pair’s value during the current trading week would be indicated by testing the trend line on the relative strength indicator. Cancellation of the decline option will be a strong rise and break of the area at 0.6765. This will indicate a breakout of the resistance zone and continuation of the pair’s rise with a target above 0.7235.
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