The currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6438 area. The pair continues to move within the development of a bullish correction and a descending channel. The moving averages indicate the presence of a bearish trend. Prices have broken through the area between the signal lines downwards, 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 a bullish correction and a test of the resistance area near the 0.6495 level. Then, a downward rebound and a continuation of the fall of AUD/USD with a potential target below the 0.5965 level on the foreign exchange market.
AUD/USD Weekly Forecast May 5 — 9, 2025
An additional signal in favor of the fall of the pair on Forex will be a rebound from the upper 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 fall option for the AUD/USD currency pair in the current trading week of May 5 — 9, 2025 will be a strong growth and a breakout of the 0.6695 level. This will indicate a breakout of the resistance level and continued growth of the Australian Dollar on Forex with a potential target at 0.7225. Confirmation of the development of the fall will be a breakout of the support area and closing prices below the level of 0.6085, which will indicate a breakout of the lower border of the bullish correction channel.
AUD/USD Weekly Forecast May 5 — 9, 2025 suggests an attempt to develop a bullish correction and test the level of 0.6495. Further, the continuation of the fall of the currency pair below the level of 0.5965. The test of the trend line on the relative strength indicator will be in favor of the pair’s decline in the current trading week. The cancellation of the fall option will be a strong growth and a breakout of the 0.6695 area. This will indicate a breakout of the resistance area and a continuation of the pair’s rise with a target above 0.7225.
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