The Australian Dollar/US Dollar (AUD/USD) currency pair is ending the trading week with a sharp decline, settling near the 0.6791 area. The pair continues its downward movement, having begun the formation of a “Triangle” pattern. Moving averages indicate an overall uptrend; however, prices have broken below the area between the signal lines, signaling increased selling pressure and the potential for a continued decline in the currency pair. In the near term, we should anticipate an attempt at a bullish correction, testing the resistance zone near the 0.6855 level. This would likely be followed by a downward rebound and a continued decline in the AUD/USD pair, with a potential target below the 0.6365 level.
AUDUSD Weekly Forecast November 16 – 20, 2026
An additional signal supporting a decline in the pair is a rebound from the lower boundary of the “Triangle” pattern. A second signal is a rebound from the resistance line on the Relative Strength Index (RSI) indicator. The bearish scenario for the current trading week (November 16–20, 2026) would be invalidated by a strong rally that breaks above the 0.7060 level. Such a move would signify a breakout of the resistance zone and a continued rise for the Australian Dollar, with a potential target at 0.7305. A breakdown of the support zone, with prices closing below the 0.6675 level, would confirm the downward trend.
AUDUSD Weekly Forecast November 16 – 20, 2026 anticipates an attempt at a bullish correction, testing the 0.6855 level, followed by a resumption of the decline toward levels below 0.6365. A test of the trend line on the Relative Strength Index (RSI) indicator further supports the expectation of a decline this week. The bearish outlook would be invalidated by a strong rally that breaks through the 0.7060 area, signaling a breakout of the resistance zone and continuation of the pair’s rise, with a target above 0.7305.
