The Australian dollar/US dollar currency pair AUD/USD is ending the trading week near the 0.6494 area. The pair continues to move within the framework of a bullish correction and a downward channel. Moving averages indicate a bearish trend. Prices broke through the area between the signal lines upwards, indicating pressure from buyers of the asset and a potential continuation of the currency pair’s growth. Now, we should expect an attempt at a bullish correction and a test of the resistance area near the 0.6585 level. Then, a rebound downwards and a continuation of the decline in AUD/USD with a potential target below the level of 0.6045 on the currency market.
AUD/USD Weekly Forecast June 9 — 13, 2025
An additional signal in favor of a decline in the pair on Forex will be a rebound from the upper border of the downward channel. The second signal will be a rebound from the resistance line on the relative strength index (RSI). A strong rise and a breakout of the 0.6765 level will cancel the decline of the AUD/USD currency pair in the current trading week of June 9 — 13, 2025. This will indicate a breakout of the resistance level and a continuation of the Australian dollar’s growth on Forex with a potential target at 0.7175. Confirmation of the decline will be a breakout of the support area and a close below the 0.6305 level, which will indicate a breakout of the lower boundary of the bullish correction channel.
AUD/USD Weekly Forecast June 9 — 13, 2025 suggests an attempt at a bullish correction and a test of the 0.6585 level. Further, the currency pair will continue to fall below the 0.6045 level. The test of the trend line on the relative strength indicator will support the decline of the pair in the current trading week. A strong growth and a breakout of the 0.6765 area will cancel the decline scenario. This will indicate a breakout of the resistance area and a continuation of the pair’s rise with a target above 0.7175.
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